Senate Passes Economic Rescue Bill

The Emergency Bailout bill ( H.R.1424* ) has been passed by the Senate in a 74-25 Vote.

* Note: On 10/1/2008, the Senate plans to use H.R.1424 as the vehicle for the economic rescue legislation. See Senate Majority and Minority notices and documents from the Senate Finance Committee and the Senate Banking Committee. On the Banking Committee website, Division A (pp.2-113) of the draft legislation is referred to as the Emergency Economic Stabilization Act of 2008; Division B (pp. 113-261) is referred to as the Energy Improvement and Extension Act of 2008; and Division C (pp. 261-451) is referred to as the Tax Extenders and Alternative Minimum Tax Relief Act of 2008.

Banking.Senate.Gov:

Oct 1, 2008 - - Emergency Economic Stabilization Act of 2008

The latest version of package legislation which includes the Emergency Economic Stabilization Act can be found here: Click link

For one-page summary of the EESA: Click link

For section-by-section analysis of the EESA: Click link