Digest Of The Emergency Economic Stabilization Act

INTRODUCTION

This Digest is designed to assist clients' understanding of the principal features of the Emergency Economic Stabilization Act of 2008. We have not created a "section by section analysis" of the legislation. You can find the Senate's section by section analysis at http://banking.senate.gov/public/_files/latestversionBill_sectionbysectionF.pdf. On the other hand, we have not tried to anticipate the questions that the legislation will raise, or the effect it will have on resolving the credit crisis. Instead, what we have done is created a topical digest of the legislation to help clients evaluate the principal features of the legislation and determine how these features will affect their business and legal affairs.