<P> On October 1 , 2008 , the Senate debated and voted on an amendment to H.R. 1424 , which substituted a newly revised version of the Emergency Economic Stabilization Act of 2008 for the language of H.R. 1424 . The Senate accepted the amendment and passed the entire amended bill , voting 74 -- 25 . Additional unrelated provisions added an estimated $150 billion to the cost of the package and increased the length of the bill to 451 pages . ( See Public Law 110 - 343 for details on the added provisions . ) The amended version of H.R. 1424 was sent to the House for consideration , and on October 3 , the House voted 263 -- 171 to enact the bill into law . President George W. Bush signed the bill into law within hours of its congressional enactment , creating the $700 billion Troubled Asset Relief Program ( TARP ) to purchase failing bank assets . </P>
<P> On October 1 , 2008 , the Senate debated and voted on an amendment to H.R. 1424 , which substituted a newly revised version of the Emergency Economic Stabilization Act of 2008 for the language of H.R. 1424 . The Senate accepted the amendment and passed the entire amended bill , voting 74 -- 25 . Additional unrelated provisions added an estimated $150 billion to the cost of the package and increased the length of the bill to 451 pages . ( See Public Law 110 - 343 for details on the added provisions . ) The amended version of H.R. 1424 was sent to the House for consideration , and on October 3 , the House voted 263 -- 171 to enact the bill into law . President George W. Bush signed the bill into law within hours of its congressional enactment , creating the $700 billion Troubled Asset Relief Program ( TARP ) to purchase failing bank assets . </P>
a primary focus of the economic stabilization act of 2008 which became known as the
a primary focus of the economic stabilization act of 2008 which became known as the
Troubled Asset Relief Program ( TARP )
Troubled Asset Relief Program ( TARP )