1、1 For information on the policy questions relating to this law, see CRS Report RL34730, TheEmergency Economic Stabilization Act and Current Financial Turmoil: Issues and Analysis, byBaird Webel and Edward V. Murphy.2 P.L. 110-343. 122 Stat. 3831.Order Code RS22985November 14, 2008“Fast Track” Parlia
2、mentary Procedures of theEmergency Economic Stabilization ActChristopher M. DavisAnalyst on the Congress and Legislative ProcessGovernment and Finance DivisionSummaryThe Emergency Economic Stabilization Act of 2008 (Division A of H.R. 1424,P.L. 110-343) empowers the Secretary of the Treasury to purc
3、hase certain “troubledassets” as a means to stabilize the economy. Should the Secretary wish to have morethan $350 billion outstanding under the troubled assets program, the President mustsubmit a written report to Congress detailing the Secretarys request and his plan toimplement it. The receipt of
4、 this report triggers a 15-day period during which Congressmay reject the Secretarys request by enacting a joint resolution of disapproval. Thisdisapproval resolution would be considered in the House and Senate under “fast track”parliamentary procedures which are intended to ensure an opportunity to
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