Results tagged “treasurysecretaryhenrypaulson”

Quickly after the House of Representatives passed the $700 billion bailout package, President Bush signed H.R. 1424 into law, authorizing "the Secretary of the Treasury to establish a Troubled Assets Relief Program to purchase troubled assets from financial institutions; provides Alternative Minimum Tax relief; extends expiring tax provisions and establishes energy tax incentives; and temporarily increases Federal Deposit Insurance limits."