Congress Passes Emergency Economic Stabilization Act

On Friday, October 3, the House passed the Emergency Economic Stabilization Act (EESA)- a bill designed to restore the flow of credit - the lifeblood of our economy - which is in danger of drying up. The aim is to help homeowners keep their homes, to protect retirement accounts, to help families take out the loans they need, and to keep small businesses alive and creating new jobs.

This action will help relieve the financial crisis and get the economy back on track, but it is only a first step.  Congress will hold hearings in the coming months and will work to enact long-term reforms. 

» Hoyer Floor Statement in Support of EESA
» Watch Floor Statement
» Bill Summary
» Full Bill Text
» Section-by-Section Analysis

Hoyer Column: Main Street at Heart of Economic Stabilization Bill

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