Emergency Economic Stabilization Act.

Intro -- EMERGENCY ECONOMIC STABILIZATION ACT -- CONTENTS -- PREFACE -- EMERGENCY ECONOMIC STABILIZATION ACT: PRELIMINARY ANALYSIS OF OVERSIGHT PROVISIONS -- SUMMARY -- INTRODUCTION -- Oversight and Audit Mechanisms -- THE FINANCIAL STABILITY OVERSIGHT BOARD AND THE CONGRESSIONAL OVERSIGHT PANEL -- Placement Within the Government -- Responsibilities -- Access to Information -- Membership -- Leadership -- Pay for Members -- Meetings/Quorum -- Staffing/Consultants -- Reports by the Entities -- Reports to the Entities -- Funding -- Termination -- THE SPECIAL INSPECTOR GENERAL FOR THE TARP AND THE COMPTROLLER GENERAL'S ROLE IN THE ACT -- Placement within the Government -- Responsibilities -- When Audits Begin -- Access to Information -- Obligation of the TARP to Respond to Audits -- Staffing/Contracting -- Reports -- Funding -- Termination -- Concluding Observations -- Overlapping Responsibilities -- Possible Additions to Reporting Requirements -- A Delayed Start for the COP and the Special IG -- Possible Reassessment of Oversight Mechanisms -- Certain Issues Are Unclear -- Oversight and the Balance of Power -- End Notes -- THE EMERGENCY ECONOMIC STABILIZATION ACT AND CURRENT FINANCIAL TURMOIL: ISSUESAND ANALYSIS -- SUMMARY -- INTRODUCTION -- THE TROUBLED ASSETS RELIEF PROGRAM -- Executive and Congressional Proposals -- Provisions of TARP as Enacted -- Asset Purchase Program -- Asset Insurance Program9 -- Size of the Programs -- Private Equity and Debt Considerations -- Oversight Provisions11 -- Assistance to Homeowners -- Executive Compensation -- Mark-to-Market Accounting -- Increase in Deposit Insurance -- Assistance to Financial Institutions Holding Fannie Mae/FreddieMac Preferred Stock -- Duration of Program -- Treasury Actions since Enactment -- Asset Purchase -- Asset Insurance -- Preferred Share Purchase -- Homeowners' Assistance.

Automobile Manufacturers -- Consumer Asset-Backed Securities -- POTENTIAL CAUSES OF FINANCIAL INSTABILITY -- Confidence and the Credit Cycle -- Information Asymmetries -- Moral Hazard -- Network Externalities -- Collective Action -- SOURCES OF CURRENT MARKET TURMOIL -- Expectations, Mortgage Defaults, and Asset Prices -- Liquidity and Uncertainty -- Capital Adequacy and Leverage -- Too Complex to Fail? -- EVIDENCE OF THE REAL EFFECTS OF FINANCIAL MARKET TURMOIL -- Wealth Effect? -- Bank Balance Sheets and Tightening Credit Markets -- Reinforcing Delinquencies and Foreclosures in Housing Markets -- Difficulties of Using Debt Financing to Fund Purchases -- CONCLUSION -- APPENDIX. GLOSSARY OF TERMS RELATED TO DISRUPTION OF FINANCIAL MARKETS -- End Notes -- REPORTING REQUIREMENTS IN THE EMERGENCY ECONOMIC STABILIZATION ACT OF 2008 -- SUMMARY -- REPORTS BY THE SECRETARY OF THE TREASURY -- Section 102(b) (Troubled Asset Relief Program) -- Section 105(a) (General Reports) -- Section 105(b) (Tranche Reports) -- Section 105(c) (Regulatory Modernization Report) -- Section 114(a) (Market Transparency, Pricing) -- REPORTS BY THE FINANCIAL STABILITYOVERSIGHT BOARD -- Section 104(g) -- REPORTS BY THE CONGRESSIONAL OVERSIGHT PANEL -- Section 125(b)(1) (Regular Reports) -- Section 125(b)(2) (Special Report on Regulatory Reform) -- REPORTS BY THE SPECIAL INSPECTOR GENERAL -- Section 121(f)(1) -- REPORTS BY THE COMPTROLLER GENERAL -- Section 116(a)(3) (Oversight Reporting) -- Section 116(b) (Audit of TARP Financial Statement) -- Section 117 (Margin Authority) -- REPORTS BY THE OFFICE OF MANAGEMENT AND BUDGET -- Section 134 (Recoupment) -- Section 202(a) (Cost of TARP) -- REPORTS BY THE CONGRESSIONAL BUDGET OFFICE -- Section 202(b) (Assessment of OMB Report) -- REPORTS TO BE SUBMITTED BY OTHERS -- Section 110(b)(5) (Homeowner Assistance).

Section 116(b) (Financial Statements) -- Section 129 (Disclosures on Exercise of Loan Authority) -- Section 133(b) (Mark-to-Market Accounting) -- CONCLUDING OBSERVATIONS -- APPENDIX. REPORTING REQUIREMENTS IN THE EMERGENCY ECONOMIC STABILIZATION ACT OF 2008 (EESA, P.L. 110-343) -- End Notes -- "FAST TRACK" PARLIAMENTARY PROCEDURES OF THE EMERGENCY ECONOMIC STABILIZATION ACT -- SUMMARY -- GRADUATED AUTHORIZATION TO PURCHASE -- EXPEDITED PARLIAMENTARY PROCEDURES -- Reconvening Congress -- Text of the Joint Resolution -- Introduction -- Referral to Committee -- Committee Action in the House -- Calling Up the Joint Resolution on the Floor -- Floor Debate -- Motions, Amendments, Voting -- Automatic Legislative "Hookup" -- Additional Provisions -- IMPLICATIONS OF RESOLUTIONS OF DISAPPROVAL -- EITHER CHAMBER MAY ALTER THEEXPEDITED PROCEDURE -- End Notes -- THE EMERGENCY ECONOMIC STABILIZATION ACT'S INSURANCE FOR TROUBLED ASSETS -- SUMMARY -- INTRODUCTION -- FEDERAL INSURANCE OF TROUBLED ASSETS -- IMPACT OF THE PROPOSED PROGRAM -- CONCLUSION -- End Notes -- THE SPECIAL INSPECTOR GENERAL FOR THE TROUBLED ASSET RELIEF PROGRAM (SIG TARP) -- SUMMARY -- Appointment and Removal -- Supervision -- Duties and Responsibilities -- SIG TARP Reports -- Resources -- Termination -- End Notes -- INDEX.

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