Troubled Asset Relief Act of 2008

September 24, 2008
Three legislative proposals currently being considered by Congress, each intended to restore liquidity and stability to the financial system, would result in the most significant economic intervention by the federal government since the Great Depression. This update provides an overview of Treasury Secretary Henry Paulson’s proposal (the Troubled Asset Relief Act of 2008) as well as the alternatives proposed by Senate Banking Committee Chairman Christopher Dodd and House Financial Services Committee Chairman Barney Frank.