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The Emergency Economic Stabilization Act of 2008, also known as the "bank bailout of 2008" or the "Wall Street bailout", was a United States federal law enacted during the Great Recession, which created federal programs to "bail out" failing financial institutions and banks.
The president's ability to indefinitely reject congressionally approved spending was thus removed. [2] The Impoundment Control Act of 1974 provides that the president may propose rescission of specific funds, but that rescission must be approved by both the House of Representatives and Senate within 45 days. In effect, the requirement removed ...
The Resettlement Administration (RA) was a New Deal U.S. federal agency created May 1, 1935. [1] It relocated struggling urban and rural families to communities planned by the federal government. On September 1, 1937, it was succeeded by the Farm Security Administration .
The Economy Act of 1933, officially titled the Act of March 20, 1933 (ch. 3, Pub. L. 73–2, 48 Stat. 8, enacted March 20, 1933, is an Act of Congress that cut the salaries of federal workers and reduced benefit payments to veterans, moves intended to reduce the federal deficit in the United States.
Deregulation, excess regulation, and failed regulation by the federal government have all been blamed for the subprime mortgage crisis in the United States. [7] Conservatives have claimed that the financial crisis was caused by too much regulation aimed at increasing home ownership rates for lower income people. [8]
The Relief Appropriation Act of 1935 was passed on April 8, 1935, as a part of Franklin Delano Roosevelt's New Deal.It was a large public works program that included the Works Progress Administration (WPA), the National Youth Administration, the Resettlement Administration, the Rural Electrification Administration, and other assistance programs. [1]
Since the federal government began calculating the economic impact of the RFA in 1998, the law is estimated to have saved small entities (and the US economy as a whole) more than $200 billion [1] without undermining the broad purposes of the regulations it affects. More than 40 US states, as well as a number of other nations, have adopted ...
One of the main provisions of the act was the federal government's authority to bypass states in sending funds directly to local governments. This was one of the ways the federal government was able to bypass the southern states that did not cooperate with federal law. [18] [19] [20]