Emergency Economic Stabilization Act of 2008
E176255
The Emergency Economic Stabilization Act of 2008 is a U.S. federal law enacted during the financial crisis to authorize large-scale government intervention, including the Troubled Asset Relief Program (TARP), to stabilize the financial system.
All labels observed (3)
How this entity was disambiguated
This entity first appeared as the object of triple T1542815 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
Target entity: Emergency Economic Stabilization Act of 2008 Context triple: [Office of Financial Stability (historical), legalBasis, Emergency Economic Stabilization Act of 2008]
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A.
Housing and Economic Recovery Act of 2008
The Housing and Economic Recovery Act of 2008 is a major U.S. federal law enacted in response to the subprime mortgage crisis to stabilize the housing market, reform mortgage finance regulation, and support distressed homeowners and communities.
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B.
Dodd–Frank Wall Street Reform and Consumer Protection Act
The Dodd–Frank Wall Street Reform and Consumer Protection Act is a major U.S. financial reform law enacted after the 2008 crisis to increase oversight of Wall Street, reduce systemic risk, and strengthen consumer financial protections.
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C.
Troubled Asset Relief Program
The Troubled Asset Relief Program (TARP) was a U.S. government bailout initiative launched in 2008 to stabilize the financial system by purchasing or guaranteeing troubled assets and injecting capital into struggling institutions.
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D.
Simpson–Bowles deficit reduction plan
The Simpson–Bowles deficit reduction plan is a bipartisan U.S. fiscal reform proposal issued in 2010 that recommended spending cuts, tax reforms, and entitlement changes to reduce the federal budget deficit and stabilize the national debt.
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E.
Pension Protection Act of 2006
The Pension Protection Act of 2006 is a major U.S. federal law that overhauled pension and retirement plan funding rules, strengthened protections for workers’ benefits, and expanded retirement savings incentives.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
Target entity: Emergency Economic Stabilization Act of 2008 Target entity description: The Emergency Economic Stabilization Act of 2008 is a U.S. federal law enacted during the financial crisis to authorize large-scale government intervention, including the Troubled Asset Relief Program (TARP), to stabilize the financial system.
-
A.
Housing and Economic Recovery Act of 2008
The Housing and Economic Recovery Act of 2008 is a major U.S. federal law enacted in response to the subprime mortgage crisis to stabilize the housing market, reform mortgage finance regulation, and support distressed homeowners and communities.
-
B.
Dodd–Frank Wall Street Reform and Consumer Protection Act
The Dodd–Frank Wall Street Reform and Consumer Protection Act is a major U.S. financial reform law enacted after the 2008 crisis to increase oversight of Wall Street, reduce systemic risk, and strengthen consumer financial protections.
-
C.
Troubled Asset Relief Program
The Troubled Asset Relief Program (TARP) was a U.S. government bailout initiative launched in 2008 to stabilize the financial system by purchasing or guaranteeing troubled assets and injecting capital into struggling institutions.
-
D.
Simpson–Bowles deficit reduction plan
The Simpson–Bowles deficit reduction plan is a bipartisan U.S. fiscal reform proposal issued in 2010 that recommended spending cuts, tax reforms, and entitlement changes to reduce the federal budget deficit and stabilize the national debt.
-
E.
Pension Protection Act of 2006
The Pension Protection Act of 2006 is a major U.S. federal law that overhauled pension and retirement plan funding rules, strengthened protections for workers’ benefits, and expanded retirement savings incentives.
- F. None of above. chosen
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
financial crisis response law ⓘ |
| acronym | TARP-enabling legislation ⓘ |
| administeredBy | United States Department of the Treasury ⓘ |
| alsoKnownAs | Wall Street bailout law ⓘ |
| authorizesProgram | Troubled Asset Relief Program ⓘ |
| billNumber | H.R. 1424 ⓘ |
| codifiedIn | Title 12 of the United States Code ⓘ |
| context |
2007–2008 global financial crisis
ⓘ
subprime mortgage crisis ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| createsOversightBody |
Congressional Oversight Panel
ⓘ
Financial Stability Oversight Council ⓘ
surface form:
Financial Stability Oversight Board
Special Inspector General for the Troubled Asset Relief Program ⓘ |
| enactedBy | 110th United States Congress ⓘ |
| establishes |
Office of Financial Stability (historical)
ⓘ
surface form:
Office of Financial Stability
|
| FDICInsuranceIncreaseEffectivePeriod | temporary during crisis ⓘ |
| FDICInsuranceLimitAfter | 250000 USD ⓘ |
| FDICInsuranceLimitBefore | 100000 USD ⓘ |
| grantsAuthorityTo | Secretary of the Treasury ⓘ |
| includesProvision |
authority to inject capital into financial institutions
ⓘ
authority to purchase troubled assets from financial institutions ⓘ executive compensation restrictions for TARP recipients ⓘ foreclosure mitigation and homeowner assistance measures ⓘ increase in FDIC deposit insurance limits ⓘ insurance program for troubled assets ⓘ mark-to-market accounting study requirement ⓘ reporting requirements to Congress on TARP transactions ⓘ warrants or equity stakes for the federal government in assisted institutions ⓘ |
| initialTARPAuthorization | 700000000000 USD ⓘ |
| laterTARPReduction | 475000000000 USD ⓘ |
| legislativeChamberOfOrigin | United States House of Representatives ⓘ |
| legislativeType | omnibus bill ⓘ |
| maximumAuthorizedAmount | 700000000000 USD ⓘ |
| politicalDebate |
bailout of Wall Street financial institutions
ⓘ
moral hazard concerns ⓘ taxpayer risk and potential losses ⓘ |
| primaryPurpose | stabilize the United States financial system during the 2007–2008 financial crisis ⓘ |
| publicLawNumber | Public Law 110-343 ⓘ |
| relatedProgram |
Automotive Industry Financing Program
ⓘ
Capital Purchase Program ⓘ Public-Private Investment Program ⓘ |
| requires | periodic audits by the Government Accountability Office ⓘ |
| shortName | EESA ⓘ |
| signedBy | George W. Bush ⓘ |
| signingDate | 2008-10-03 ⓘ |
| sunsetProvision | limits new TARP commitments to a defined period ⓘ |
| title | Emergency Economic Stabilization Act of 2008 self-link ⓘ |
| yearOfEnactment | 2008 ⓘ |
How these facts were elicited
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You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Subject: Emergency Economic Stabilization Act of 2008 Description of subject: The Emergency Economic Stabilization Act of 2008 is a U.S. federal law enacted during the financial crisis to authorize large-scale government intervention, including the Troubled Asset Relief Program (TARP), to stabilize the financial system.
Referenced by (18)
Full triples — surface form annotated when it differs from this entity's canonical label.