Financial Crisis Resource Center

The Financial Crisis Resource Center has been created to provide public and timely information relating to the distress in global financial markets. Content is organized by region with specific pages devoted to the United States, International, the European Union, Belgium, France, Germany, Italy and the United Kingdom.

Please feel free to contact any of your regular contacts at the firm or any of our partners and counsel listed under "Banking and Financial Institutions" on this website if you have any questions.


Events/Webinars

• The ARRA “Say on Pay” Mandate: What TARP Recipients Need to Know Now.  On Wednesday, February 25th, Cleary Gottlieb and Georgeson Inc. hosted a webcast addressing the “Say on Pay” provisions for Troubled Asset Relief Program (TARP) recipients of the American Recovery and Reinvestment Act of 2009. The program addressed issues arising from the potential effectiveness of the mandatory “Say on Pay” provisions for TARP recipients included in the ARRA for the upcoming spring annual meeting season.
  
  
• Click here to hear the archived webcast and view additional related written material.
  
  
• U.S. Government Bailout Programs:  What Financial Institutions and Investors Need to Know. On Thursday, December 4th, Cleary Gottlieb hosted a webcast on the Emergency Economic Stabilization Act, including the Treasury's Troubled Asset Relief Program, and new Federal Reserve and FDIC initiatives. In particular, the seminar focused on the most recent developments under these fast-evolving programs and the key business opportunities they present.
  
  
• Click here to hear the archived webcast and view additional related written material.
• Presentation on U.S. Government Bailout Programs
  
  
• Treasury's Financial Rescue Program:  What Financial Institutions Need to Know. On Friday, October 10th, Cleary Gottlieb hosted a webcast on the Emergency Economic Stabilization Act, focusing on the key issues and opportunities for financial institutions relating to the Troubled Asset Relief Program.
  
  
• Troubled Asset Relief Program Presentation
• EESA Executive Compensation Chart 
• Click here to hear the archived webcast and view additional related written material.

Bailout Programs Overview

• Glossary of Bailout Programs (4/6/09)
• OTS Quarterly Review of Interest Rate Risk; Feature Article: A Primer on Government Assistance Programs (2/27/09)
• Federal Reserve Credit and Liquidity Programs and the Balance Sheet (2/23/09)

Cleary Gottlieb Alert Memoranda

• President Obama's Financial Regulatory Reform Plan: A Closer Look (6/23/09)
• President Obama's Financial Regulatory Reform Plan: Key Issues for Market Participants (6/18/09)
• Financial Regulatory Reform - Hedge Fund and Private Equity Provisions (6/18/09)
• New Regulations Implement EESA and ARRA Compensation Restrictions (6/18/09)
• Eligibility of U.S. Subsidiaries and Branches of Foreign Banks to Participate in U.S. Stabilization Programs (6/12/09)
• TALF Adds Legacy CMBS (5/20/09)
• Administration Proposal for Comprehensive OTC Derivatives Regulation (5/18/09)
• CMBS Come to TALF (5/1/09)
• Executive Compensation Disclosure Peek Ahead (4/7/09)
• FRBNY Clarifies TALF Terms (4/4/09)
• Implications of the AIG Bonus Imbroglio (3/29/09)
• Treasury Proposes Legislation to Resolve Systemically Significant Financial Companies (3/27/09)
• U.S. Public-Private Investment Program (3/26/09)
• FDIC Adopts Interim Rule Extending TLGP (3/17/09)
• Servicer Challenges in Obama Administration’s Making Home Affordable Loan Modification Program (3/17/09)
• Term Asset-Backed Securities Loan Facility Launches: Key Details (3/11/09)
• FDIC Modifies TLGP to Guarantee Mandatory Convertible Debt (2/27/09)
• Executive Compensation and TARP Recipients: Senator Dodd's Letter on "Say on Pay" Voting and CEO/CFO Certifications (2/23/09)
• Provisions of the American Recovery and Reinvestment Act of 2009 Relating to Deferral of Cancellation of Debt Income (2/19/09)
• Overview of the Executive Compensation Provisions of the American Recovery and Reinvestment Act of 2009 (2/16/09)
• Treasury Announces Obama Administration's Financial Stability Plan (2/10/09)
• Issuing FDIC-Guaranteed Debt under the TLGP (11/25/08)
• Troubled Assets Relief Program: Q&A (10/3/08)
• New IRS Notice Allows Better Use of Bank Losses Following an Ownership Change (10/2/08)

Financial Regulatory Reform: A New Foundation

• Financial Regulatory Reform Website
• Obama Remarks on 21st Century Financial Regulatory Reform (6/17/09) 
• White Paper: Financial Regulatory Reform (6/17/09) 
• Geithner, Summers Op-Ed: A New Financial Foundation (6/14/09)

Supervisory Capital Assessment Program (SCAP)

• Federal Reserve, OCC, and FDIC Release Results of the Supervisory Capital Assessment Program (5/7/09) 
• Joint Statement by Federal Reserve, Treasury, FDIC, and OCC on Treasury Capital Assistance Program and Supervisory Capital Assessment Program (5/6/09) 
• Federal Reserve Publishes White Paper on Process and Methodologies Employed by Federal Banking Supervisory Agencies for the SCAP (4/24/09)
  • SCAP Design and Implementation

Capital Assistance Program (CAP)

• Agencies to Begin Forward-Looking Economic Assessments (2/25/09)
  • FAQs – Supervisory Capital Assessment Program
• U.S. Treasury Releases Terms of Capital Assistance Program (2/25/09)
  • CAP White Paper
  • CAP Term Sheet
  • CAP FAQs
  • Application Guidelines for CAP

TARP Capital Purchase Program (CPP)

• Treasury Announces $68 Billion in Expected CPP Repayments (6/9/09)
• Treasury Releases Capital Purchase Program Term Sheet for Mutual Banks (4/14/09)
  • Term Sheet
  • Frequently Asked Questions
• Treasury Releases Capital Purchase Program Term Sheets for Mutual Holding Companies (4/7/09)
  • Senior Preferred Terms
  • Preferred Terms
  • Senior Securities Terms
  • FAQs
• Repurchase Document for Public Institutions (3/25/09)
• Repurchase Document for Private Institutions (3/25/09)
• Repurchase Document for Warrants for Public Institutions (3/25/09)
• FAQs Addressing Capital Purchase Program (CPP) Changes Under the AARA (2/26/09)
• Treasury CPP Transaction Report (2/24/09)
• Treasury Releases First Monthly Bank Lending Survey (2/17/09)
  • Monthly Lending and Intermediation Snapshot
  • Individual Banks' Reports
• Treasury Provides Funding to Bolster 42 Healthy, Local Banks Nationwide (2/3/09)
• Treasury Announces New Policy to Increase Transparency in Financial Stability Program (1/28/09) 
  • Investment Contracts
• Treasury Provides Funding to Bolster Healthy, Local Banks (1/27/09)
  • CPP Transaction Chart
• Treasury Provides TARP Funds to Local Banks (1/22/09)
  • CPP Transaction Chart
• Treasury Releases CPP Term Sheet and FAQs (1/14/09)
  • Term Sheet
  • FAQs
• Treasury Provides TARP Funds to Local Banks
  • Chart of New Investments
  • Complete Chart
• FDIC Guidance on Monitoring the Use of Funding from Federal Financial Stability and Guaranty Programs (1/12/09)
• Treasury CPP Transaction Report (1/6/09)
• Treasury Provides TARP Funds to Local Banks (1/5/09)
  • Transaction Report
• Treasury Provides TARP Funds to Local Banks (12/23/08)
  • Transaction Details
• Treasury CPP Transaction Report (12/22/08)
• Treasury CPP Transaction Report (12/16/08)
• TARP Application Documents for Privately Held Institutions (12/11/08)
  • Securities Purchase Agreement
  • Form of Letter Agreement
  • Certificate of Designation – Warrant Preferred, Non-Cumulative
  • Certificate of Designation – Standard Preferred, Non-Cumulative
  • Certificate of Designation – Warrant Preferred, Cumulative
  • Certificate of Designation – Standard Preferred, Cumulative
  • Form of Warrant
• Treasury CPP Transaction Report (12/9/08)
• Treasury CPP Transaction Report (11/26/08)
• Treasury Releases CPP Term Sheet and FAQs for Privately Held Financial Institutions (11/17/08)
  • Term Sheet for Privately Held Institutions
  • FAQs for Privately Held Institutions
• CPP FAQs (Updated 11/11/08)
• Treasury Issues Additional Information on Capital Purchase Program (10/31/08)
  • Securities Purchase Agreement
  • Form of Letter Agreement
  • Certificate of Designations 
  • Form of Warrant
  • Form of Warrant – Stockholder Approval Required
  • Term Sheet
  • SEC, FASB Letter on Warrant Accounting
• ABA Asks Treasury to Make Public the Criteria for Evaluating Capital Purchase Program Applications (10/23/08)
• FDIC Guidance on Applications to the TARP Capital Purchase Program for State Nonmember Institutions (10/20/08)
• OTS Fact Sheet on Capital Purchase Program (10/20/08)
• Treasury Interim Final Rule on CPP Executive Compensation Provising (10/20/08)
• Banking Agencies Encourage Participation in Treasury's Capital Purchase Program, FDIC's Temporary Liquidity Guarantee Program (10/20/08)
• Capital Purchase Program Application Guidelines and Form (10/20/08)
• Paulson Statement on Capital Purchase Program (10/20/08)  
• Federal Reserve Announces Interim Final Rule to Allow BHCs to Include Senior Perpetual Preferred Stock Issued to the Treasury Department in Tier 1 Capital (10/16/08)
  • Text of FRB Interim Final Rule on Capital Treatment of CPP Preferred (10/22/08)
  • Correction to FRB Interim Final Rule (10/27/08)
• IRS Notice 2008-100 on Application of Section 382 to Loss Corporations Whose Instruments are Acquired by the Treasury Under the CPP (10/14/08)
• Treasury Announces TARP Capital Purchase Program Description (10/14/08)
• Term Sheet for Public Banks (10/14/08)

Company-Specific Assistance/Systemically Significant Failing Institutions (SSFI) Program

• Treasury Department Statement on Auto Supplier Support Programs (4/8/09)
• Obama Administration New Path to Viability for GM & Chrysler (3/30/09)
  • GM & Chrysler Restructuring Fact Sheet
  • GM Viability Assessment
  • Chrysler Viability Assessment
  • Warrantee Commitment Program
• Treasury Announces Auto Supplier Support Program (3/19/09)
  • Fact Sheet
• Prepared Testimony on AIG: Examining What Went Wrong, Government Intervention, and Implications for Future Regulation (3/5/09)
• Treasury and Federal Reserve Board Announce Participation in AIG Restructuring Plan (3/2/09)
  • Term Sheet
• Treasury Announces Participation in Citigroup's Exchange Offering (2/27/09)
  • Term Sheet
• Geithner, Summers Convene Official Designees to Presidential Task Force on the Auto Industry (2/20/09)
• Statement From Treasury Secretary Geithner on GM, Chrysler Restructuring Reports (2/17/09)
  • GM Restructuring Plan
  • Chrysler Cover Letter
  • Chrysler Restructuring Plan Summary
  • Chrysler Restructuring Plan
• Treasury Announces TARP Investments in Chrysler Financial (1/16/09)
  • Term Sheet
• Statement Regarding Establishment of the AIG Credit Facility Trust (1/16/09)
  • AIG Credit Facility Agreement
• Treasury, Federal Reserve, and the FDIC Provide Assistance to Bank of America (1/16/09)
  • Term Sheet
• U.S. Government Finalizes Terms of Citi Guarantee Announced in November (1/16/09)
• Kanjorski and Crowley Call on Treasury and Fed to Step Up Oversight of AIG (1/13/09)
• Treasury Releases Guidelines for Targeted Investment Program (1/2/09)
• Treasury Announces TARP Investment in GMAC (12/29/08)
  • Term Sheet
  • Commitment Letter
• Frank Statement on White House Auto Rescue Plan (12/19/08)
• Secretary Paulson Statement on Stabilizing the Automotive Industry (12/19/08)
• Treasury Releases Term Sheet for Automotive Plan (12/19/08)
  • Chrysler Term Sheet and Appendix
  • General Motors Term Sheet and Appendix
• AIG RMBS LLC Facility: Terms and Conditions (12/16/08)
• FRBNY AIG CDO LLC Facility: Terms and Conditions (12/3/08)
• Treasury Completes AIG Preferred Stock Purchase (11/25/08)
• Guidelines for Systemically Significant Failing Institutions Program (11/25/08)
• Joint Statement by Treasury, Federal Reserve, and the FDIC on Citigroup (11/23/08)
  • Term Sheet
• Treasury to Invest in AIG Restructuring Under the EESA (11/10/08)
  • AIG Term Sheet
  • Federal Reserve and Treasury Announce Restructuring of Financial Support to AIG

Executive Compensation

• EESA Executive Compensation Chart
• Interim Final Rule on TARP Standards for Compensation and Corporate Governance (6/10/09)
  • Interim Final Rule
• SEC Agrees to Review Bank of America Shareholder Disclosure for Material Omissions (4/13/09)
• FHFA Responds to Frank Regarding Retention Programs (3/20/09)
• Frank Calls on Lockhart to Cancel Fannie and Freddie Bonuses (3/20/09)
• Cuomo Announces Significant Development Related to AIG (3/19/09)
• Grassley, Baucus Seek Details of AIG Bonuses, Any Claw-back Policies (3/18/09)
• Cuomo Statement on Court Decision to Force Bank of America and Merrill Lynch to Turn Over List of Bonus Recipients (3/18/09)
  • Merrill Lynch Ruling
• Grassley Asks for Review of Treasury Department Involvement in AIG Bonus Decision (3/18/09)
• Treasury Department Releases Text of Letter From Geithner to Hill Leadership on AIG (3/17/09)
• Frank Asks TARP Recipients for Bonus Information (3/17/09)
• Cuomo Sends Letter to Frank Regarding Bonuses Paid at AIG (3/17/09)
• Cuomo Letter to AIG CEO Regarding Bonuses (3/16/09)
• Bill Proposed by Rep. Sanders: "Stop the Greed on Wall Street Act" (11/19/08)
• Cuomo-Frank Letter to Kenneth Lewis Regarding Bonuses Paid at Merrill Lynch/BofA (3/9/09)
• Attorney General Cuomo's letter to Congressman Barney Frank Regarding Merrill Lynch's 2008 Bonuses (2/10/09)
• Statement from Attorney General Andrew Cuomo Regarding President Obama's Proposed Salary Cap on Executive Pay (2/4/09)
• President Obama's Remarks on the New Executive Compensation Rules (2/4/09)
• Treasury Announces New Restrictions On Executive Compensation (2/4/09)
• Statement from Attorney General Cuomo Regarding New Developments in Investigation of Merrill Lynch Bonuses and Bank of America (1/27/09)
• Treasury Issues Additional Executive Compensation Rules Under TARP (1/16/09)
  • CPP Executive Compensation Interim Final Rule
  • Revised Notice 2008-PSSFI
  • Executive Compensation FAQ
• Attorney General Cuomo's Statement Concerning Executive Bonuses at Morgan Stanley (12/8/08)
• Attorney General Cuomo's Letter to the Merrill Lynch Board of Directors Concerning Executive Bonuses (12/8/08)
• Statement From Attorney General Andrew Cuomo Concerning AIG's Decision To Eliminate Bonuses For Top Executives (11/25/08)
  • AIG Letter 
• Finance Chairman, Senate Colleagues Say Limits on Executive Compensation Must be Upheld Amid Changes to Financial Rescue Program (11/19/08)
• Attorney General Cuomo's Letter to AIG Concerning Executive Bonuses and Salary Increases (11/18/08)
• Chairman Waxman Requests Compensation and Bonus Information for Employees of Major Banks (10/28/2008)
• Attorney General Cuomo Seeks Bonus Pool Information From Banks Receiving Federal Funds (10/29/2008)
• Treasury Interim Final Rule (10/20/08)
• Attorney General Cuomo's Letter to AIG
• Executive Compensation Provisions of EESA
• Treasury Notice 2008-TARP: Guidance on Executive Compensation (auction asset purchases) 
• Treasury Notice 2008-PSSFI: Guidance on Executive Compensation (direct asset purchases)  
• IRS Notice 2008-94
• Executive Compensation Provisions of Capital Purchase Program Term Sheet (10/14/08) 
• Executive Compensation Provisions of CPP Securities Purchase Agreement Standard Terms
• SEC's Determination of "Named Executive Officers": 17 C.F.R. § 229.402
• IRS Definition of Covered Employees: IRS Notice 2007-49
• Joint Committee on Taxation Explanation of EESA Tax Provisions (10/1/08)
• Existing FDIC Regulations on Golden Parachutes

Term Asset-Backed Securities Loan Facility (TALF)

• TALF Documents and Forms (4/8/09)
• TALF Frequently Asked Questions (4/3/09)
• TALF Terms and Conditions (4/3/09) 
• Treasury and Federal Reserve Board Announce Launch of TALF (3/3/09)
  • White Paper
• Federal Reserve is Prepared to Expand the TALF (2/10/09)
• Federal Reserve Announces the Creation of the Term Asset-Backed Securities Loan Facility (TALF) (11/25/08)
  • TALF Terms and Conditions
• Treasury Provides TARP Funds to Federal Reserve Consumer ABS Lending Facility
• Secretary Paulson Remarks on Consumer ABS Lending Facility

Small Business and Community Lending Initiative

• Unlocking Credit for Small Business Fact Sheet (3/16/09)
  • Q&A for Small Businesses
  • Secretary Geithner's Remarks

FDIC Temporary Liquidity Guarantee Program (TLGP)

• Monthly Reports on Debt Issuance Under the TLGP (throuh 3/31/09)
• FDIC: TLGP Changes to Debt Guarantee Program Reporting Requirements (3/23/09)
• Interim Rule with Request for Comments: Amendment of the TLGP to Extend the DGP and Impose Surcharges (3/23/09)
• Interim Rule with Request for Comments: Modification of TLGP to Include Mandatory Convertible Debt (3/4/09)
• TLGP Opt-Out Lists (2/12/09)
• Federal Reserve Board Guidance on Debt Guaranteed Under the TLGP (1/27/09)
• Comptroller Interperetive Letter No. 1108: Section 16.5(a) Applicable to FDIC-Guaranteed Senior Unsecured Debt (1/26/09)
• FDIC Issues TLGP Guidance to Periodic Debt Balance Reporting (1/12/09)
• Temporary Liquidity Guarantee Program – Frequently Asked Questions (Updated 1/12/09)
• TLGP-Related Revisions to Regulatory Reports Filed by FDIC-Insured Depository Institutions (12/11/08)
• TLGP Debt Instrument Reporting (12/8/08)
  • Guidance on Debt Instrument Reporting Requirements
  • Guaranteed Debt Reporting Instructions
• SEC Issues No-Action Letter Regarding the Applicability of 3(a)(2) Exemption for Debt Guaranteed Under TLGP (11/24/08)
  • FDIC Incoming Letter to SEC (11/24/08)
• Master Agreement for TLGP Debt Guarantee Program (11/24/08)
• FDIC Approves TLGP Final Rule (11/21/08)
  • FIL-132-2008 TLGP Final Rule (11/21/08)
  • TLGP Final Rule (11/26/08)
• Amendment to the Interim Rule with Request for Comments (11/7/08) 
• TLGP Extension of Deadlines and Election Instructions (11/3/08)
  • Guidance for Election Options and Reporting Requirements
  • Sample Election Form - PDF
  • Sample Election Form - Word
  • Election Form Instructions
• FDIC Extends Opt-Out Deadline for Participation in the TLGP (11/3/08)
• FDIC Issues Interim Rule to Implement the Temporary Liquidity Guarantee Program (10/23/08)
  • FDIC Interim Final Rule (10/29/08)
• FDIC Technical Briefing of Temporary Liquidity Guarantee Program (10/22/08)
• FDIC Technical Briefing of Temporary Liquidity Guarantee Program (10/20/08)
• FDIC Technical Briefing of Temporary Liquidity Guarantee Program (10/16/08)
• Transcript from FDIC Technical Briefing of Temporary Liquidity Guarantee Program (10/16/08)
• FDIC Technical Briefing of Temporary Liquidity Guarantee Program (10/14/08 – Morning)
• Transcript from FDIC Technical Briefing of Temporary Liquidity Guarantee Program (10/14/08 - Morning)
• FDIC Technical Briefing of Temporary Liquidity Guarantee Program (10/14/08 – Afternoon)
• Transcript from FDIC Technical Briefing of Temporary Liquidity Guarantee Program (10/14/08 - Afternoon)
• FDIC Announces Plan to Free Up Bank Liquidity (10/14/08)

Commercial Paper Funding Facility (CPFF)

• Change to CPFF Eligibility Requirements (1/23/09)
• CPFF Terms and Conditions (1/23/09)
• CPFF FAQs (1/23/09)
• CPFF Site at the New York Fed
  
• Federal Reserve Board Announces Additional Details Regarding the CPFF (10/14/08)
• Federal Reserve Announces Creation of the CPFF (10/7/08)

Money Market Investor Funding Facility (MMIFF)

• Treasury Announces Extension of Temporary Guarantee Program for Money Market Funds (3/31/09)
• Federal Reserve Announces Changes to Money Market Investor Funding Facility (1/7/09)
• MMIFF Terms and Conditions (1/7/09)
• MMIFF FAQs (1/7/09)
• Treasury Announces Extension of Temporary Guarantee Program for Money Market Funds (11/24/08)
  • Extension Notice
• MMIFF Site at the New York Fed 
• Federal Reserve Announces Creation of MMIFF (10/21/08)

Public Private Investment Program (PPIP)

• Treasury Department Provides Updated Guidance on Legacy Securities PPIP (4/6/09)
  • Frequently Asked Questions
  • Legacy Securities Summary of Terms
  • Application for Private Asset Managers   
• FDIC Seeks Comment on the Recently Announced Legacy Loans Program (3/26/09)
• Treasury Department Releases Details on Public Private Partnership Investment Program (3/23/09)
  • Fact Sheet
  • White Paper
  • Legacy Loans Summary of Terms
  • Legacy Loans FAQs

Asset-Backed Commercial Paper Money Market Fund Liquidity Facility (AMLF)

• Federal Reserve Announces Final Rules Pertaining to the AMLF (1/30/09)
  • Regulations H and Y
  • Regulation W
  • Regulation W

Additional Tax Issues (see also Executive Compensation above)

• Treasury Department Touts Expanded Tax Credit for First-Time Homebuyers (2/25/09)
  • IRS News Release
  • Form 5405
• Federal Reserve Letter Permitting Wells Fargo to Include Certain Deferred Tax Assets in Tier 1 Capital (2/20/09)
• Federal Reserve Letter Permitting PNC to Include Certain Deferred Tax Assets in Tier 1 Capital (12/22/08)
• IRS Speeds Lien Relief for Homeowners Trying to Refinance, Sell (12/16/08)
• Banking Agencies Announce Decision on Impact of Tax Change on Indirect Investments in Fannie Mae and Freddie Mac Preferred Stock (10/31/08)
• Treasury, IRS Issue Guidance on Indirect Ownership of Fannie and Freddie Preferred Stock (10/29/08)
• IRS Revenue Procedure 2008-64 (10/29/08)
• Interagency Statement on Regulatory Capital Impact of Losses on Fannie Mae and Freddie Mac Preferred Stock (10/24/08)
• IRS Notice 2008-101 on Tax Treatment of Payments to Financial Institutions Under TARP (10/14/08)
• IRS Notice 2008-100 on Application of Section 382 to Loss Corporations Whose Instruments are Acquired by the Treasury Under the CPP (10/14/08)

TARP Asset Guaranty Program

• Notice and Request for Comments on Guaranty Program (10/16/08)
• Treasury Requests Public Input on Guaranty Program for Troubled Assets (10/14/08)

Mark-to-Market Accounting and Other Accounting Issues

• Basel Committee Supervisory Guidance for Assessing Banks' Financial Instrument Fair Value Practices (4/15/09)
• FASB Issues Final Staff Positions on Fair Value Measurements and Impairments (4/9/09)
  • FSP FAS 107-1 and APB 28-1
  • FSP FAS 115-2 and FAS 124-2
  • FSP FAS 157-4
• IMF: Procyclicality and Fair Value Accounting (3/1/09) 
• Prepared Testimony on Mark-to-Market Accounting (3/12/09)
• FASB Initiates Projects to Improve Measurement and Disclosure of Fair Value Estimates (2/18/09)
• FASB Issues Proposed Staff Position on Interim Disclosures about Fair Value of Financial Instruments (1/30/09)
• FASB Issues Proposed Statement 133 Implementation Issue C22, Exception Related to Embedded Credit Derivatives (1/14/09)
• FASB Staff Position No. EITF 99-20-1: Amendments to the Impairment Guidance of EITF Issue No. 99-20 (1/12/09)
• CESR Statement on the Reclassification of Financial Instruments and Other Related Issues (1/7/09)
• Congressionally-Mandated Study Says Improve, Do Not Suspend, Fair Value Accounting Standards (12/30/08)
  • SEC Report to Congress on Mark-to-Market Accounting
• FASB Issues Proposed Staff Position to Improve the Financial Reporting for Financial Instruments (12/24/08)
  • Proposed FSP FAS 107-a
• IASB Proposes Additional Disclosures for Investments in Debt Instruments (12/23/08)
  • EXPOSURE DRAFT Investments in Debt Instruments Proposed amendments to IFRS 7
• IASB Proposes Amendments to Clarify the Accounting for Embedded Derivatives (12/22/08)
  • Exposure Draft - Embedded Derivatives: Proposed Amendments to IFRIC 9 and IAS 39
• FASB Issues First of Two Proposed Staff Positions to Improve the Financial Reporting for Financial Instruments (12/19/08)
  • Proposed FSP EITF 99-20-a
• IASB Updates Reclassification Amendment for Financial Instruments to Clarify Effective Date (11/27/08)
  • Reclassification of Financial Assets—Effective Date and Transition
• ABA Asks Treasury for Immediate Action on Mark-to-Market Accounting Issues (11/26/08)
• IASB Publishes Educational Guidance on the Application of Fair Value Measurement When Markets Become Inactive (10/31/08)
  • Final Report of the Expert Advisory Panel
  • IASB Staff Summary
• FAF Responds to SEC Chairman Cox, Urges Rejection of Calls to Overturn FASB Standards on Fair Value Measurements (10/27/08)
• IASB and FASB Create Advisory Group to Review Reporting Issues Related to Credit Crisis (10/16/08)
• IASB Proposes Improvements to Financial Instruments Disclosures on Fair Value Measurements (10/15/08)
  • Exposure Draft: Improving Disclosures About Financial Instruments (Proposed Amendments to IFRS 7) (10/15/08)
• IASB Provides Update on Applying Fair Value in Inactive Markets (10/14/08)
• IASB Amendments Permit Reclassification of Financial Instruments (10/13/08)
  • Reclassification of Financial Assets (Amendments to IAS 39 and IFRS 7) (10/13/08)
• FASB Staff Position on FAS 157 (10/10/08)
• SEC and FASB Fair Value Clarifications (9/30/08)
• Dear CFO Letter (9/08)

Bidding for Failing or Failed Institutions

• OTS Gives Preliminary Clearance to Successful Bidders for IndyMac (1/2/09)
• FDIC Expands Bidder List for Troubled Institutions (11/26/08)
• OCC Conditionally Approves First National Bank "Shelf Charter" to Expand Pool of Qualified Bidders for Troubled Institutions (11/25/08)
  • Approval

Foreclosure Mitigation Efforts

• Fannie Mae and Freddie Mac Helping More Homeowners; Loan Modifications Increasing (4/15/09)
• OTS Issues Alert on Avoiding Foreclosure Rescue Scams (4/15/09)
• Federal, State Partners Announce Multi-Agency Crackdown Targeting Foreclosure Rescue Scams, Loan Modification Fraud (4/6/09)
• HOPE NOW: Lending Industry Modified 134,000 Mortgages in February (3/30/09)
• Administration Launches New Consumer Website For Responsible Homeowners Seeking Relief (3/19/09)
• FHFA Reports on Homeowner Assistance Show Growing Numbers of Loan Modifications (3/17/09)
• Prepared Testimony on Mortgage Lending Reform (3/11/09)
• Fannie Mae Extends Eviction Suspension Through March 31 (3/6/09)
• Freddie Mac Officially Launches REO Rental Initiative (3/5/09)
• Freddie Mac Stops Foreclosure Sales on Loans Eligible for New Obama Home Affordable Modification Program (3/4/09)
• Freddie Mac Announces Two Initiatives Supporting President Obama's Making Home Affordable Plan (3/4/09)
• Fannie Mae Undertakes "Making Home Affordable" Refinancing and Modification Initiatives (3/4/09)
• Federal Financial Regulatory Agencies Issue Statement in Support of the "Making Home Affordable" Loan Modification Program (3/4/09)
• Relief for Responsible Homeowners One Step Closer Under New Treasury Guidelines (3/4/09)
  • Modification Program Guidelines
  • Summary of Guidelines
  • Fact Sheet
  • Housing Counselor Q&A
• HOPE NOW: Mortgage Lending Industry Modified 123,000 Mortgages in January (3/3/09)
• HUD Testimony on the Homeowner Affordability and Stability Plan (2/26/09)
• Prepared Testimony on Loan Modifications (2/24/09)
• OCC and OTS Respond to Congressional Oversight Panel Request for Mortgage Data (2/24/09)
  • COP Data
  • OCC and OTS Mortgage Metrics Data Dictionary
• White House Press Secretary Gibbs Corrects the Record on the President’s Housing Plan (2/20/09)
• Fannie Mae and Freddie Mac Refinance Initiatives (2/20/09)
  • FHFA Letter to the Mortgage Insurance Companies of America
• IMF: Foreclosure Mitigation Efforts in the United States (2/18/09)
• Remarks of President Barack Obama on the Home Mortgage Crisis (2/18/09)
  • Homeowner Affordability and Stability Plan Executive Summary
  • Homeowner Affordability and Stability Plan Fact Sheet
  • Helping Homeowners Under the Homeowner Affordability and Stability Plan: Three Cases
  • Homeowner Affordability and Stability Plan Questions and Answers
  • Statement by Secretary Tim Geithner on Treasury's Commitment to Fannie Mae and Freddie Mac
  • Statement of FHFA Director James B. Lockhart on Treasury Amending the Enterprises' Senior Preferred Stock Agreements
• Freddie Mac Extends Moratorium on Foreclosure Sales (2/13/09)
• Fannie Mae Suspends Foreclosure Sales Pending Administration Announcement (2/13/09)
• Frank Releases JP Morgan Chase Letter Announcing Three-Week Foreclosure Moratorium (2/13/09)
• OCC and OTS Expand Data Collection on Mortgage Performance (2/13/09)
• OCC and OTS Respond to Letter from State Foreclosure Prevention Working Group (2/13/09)
• FHFA Submits Report on Homeowner Assistance to Congress (2/12/09)
  • Transmittal Letter
  • Federal Property Managers Report No. 3
• OTS Urges Temporary Halt to Foreclosures (2/11/09)
• Speech by Federal Reserve Board Governor Duke on Stabilizing the Housing Market: Next Steps (2/11/09)
• FHFA Releases November Foreclosure Prevention Report (2/6/09)
  • November 2008 Report
• Freddie Mac Launches New Workout Plan for High Risk Loans (2/3/09)
• States Urge OCC and OTS to Push for Affordable Mortgage Modifications (2/2/09)
• Federal Reserve Releases Policy on Certain Residential Mortgage Assets Held, Owned, or Controlled by Federal Reserve Banks (1/30/09)
• HOPE NOW: Mortgage Lending Industry Prevented Almost 240,000 Foreclosures in December (1/29/09)
• FHFA Submits Report on Homeowner Assistance to Congress (1/16/09)
  • 3Q 08 Foreclosure Prevention Report
• Fannie Mae Announces National REO Rental Policy (1/13/09)
  • Policy FAQs
• Freddie Mac Extends Suspension of Single Family Foreclosure Sales, Evictions Until January 31, 2009 (1/8/09)
• Fannie Mae Extends Foreclosure Sale and Eviction Suspension (1/8/09)
• Paulson on The Role of the GSEs in Supporting the Housing Recovery (1/7/09)
• New York Fed Begins Purchasing Mortgage-Backed Securities (1/5/09)
• Federal Reserve Announces Details of Program to Purchase Mortgage-Backed Securities (12/30/08)
  • FAQs
• HOPE NOW Projects Big Increases in Foreclosure Prevention Successes in 2009 (12/22/08)
• Agencies Release Joint Mortgage Metrics Report For the Third Quarter of 2008 (12/22/08)
  • OCC and OTS Mortgage Metrics Report; Third Quarter 2008
• FHFA Announces Implementation Plans for Streamlined Loan Modification Program (12/18/08)
  • Freddie Mac’s Bulletin with Program Guidelines
  • Fannie Mae's Announcement with Program Guidelines
• Fast Track Workouts for Delinquent Borrowers with Freddie Mac-Owned Mortgages Underway (12/18/08)
• pr (12/18/08)
• FHFA September Foreclosure Prevention Report Released (12/16/08)
• Fannie Mae Provides New Servicer Flexibility to Help Borrowers Avoid Foreclosure (12/8/08)
• Comptroller Dugan Highlights Re-default Rates on Modified Loans (12/8/08)
• Bernanke Speech on Housing, Mortgage Markets, and Foreclosures (12/4/08)
• GAO Testimony on Status of Efforts to Address Defaults and Foreclosures on Home Mortgages (12/4/08)
• FDIC Testimony on EESA Oversight and Efforts to Mitigate Foreclosures (12/4/08)
• FAQs: Purchasing Direct Obligations of Housing-Related GSEs (12/3/08)
• FHFA Submits First Report on Homeowner Assistance to Congress (12/2/08) 
• Federal Reserve Announces It Will Initiate a Program to Purchase the Direct Obligations of Housing-Related Government-Sponsored Enterprises and Mortgage-Backed Securities Backed by Fannie Mae, Freddie Mac, and Ginnie Mae (11/25/08)
• FHFA Urges Servicers to Take Prompt Action on Loan Modifications (11/24/08) 
• FDIC Announces Availability of IndyMac Loan Modification Model (11/20/08)
  • Loan Modification Program Overview
  • Additional Program Tools
• Frank Urges Paulson to Use TARP Funds to Stem Foreclosures (11/20/08)
• Fannie Mae to Suspend Foreclosures Until January 2009 (11/20/08)
• Freddie Mac to Suspend Foreclosures Until January 2009 (11/20/08)
• Bush Administration Announces Flexibility for "Hope for Homeowners" Program (11/19/08)
• FDIC Loss Sharing Proposal to Promote Affordable Loan Modifications (11/13/08)
• HOPE NOW Joins with Government to Create Streamlined Mortgage Modification Plan (11/11/08)
• HUD Modernizes Online Guide for Avoiding Foreclosure (10/30/08)
• Chairmen Frank, Kanjorski, Maloney, Waters, Gutierrez and Watt Demand Hedge Funds Drop Opposition to Foreclosure Prevention (10/24/08)
• Frank and Waters Call on President Bush to Appoint Bair to Supervise Foreclosure Mitigation Efforts (10/20/08)
• Frank Urges Greater Loan Modifications by Mortgage Servicers (10/8/08)
• Bush Administration Launches "Hope for Homeowners" Program to Help More Struggling Families Keep Their Homes (10/1/08)
  • HUD HOPE for Homeowners Program Information
• Preston Allocates Nearly $4 Billion to Stabilize Neighborhoods Hard-Hit by Foreclosure (9/26/08)
  • Neighborhood Stabilization Program
• FDIC Implements Loan Modification Program for Distressed IndyMac Mortgage Loans (8/20/08)
• Frank, Waters, Watt and Miller Call for Forbearance by the Mortgage Industry (8/5/08)
• Housing and Economic Recovery Act of 2008 (7/30/08)

TARP Oversight

• GAO Report on TARP: June 2009 Status of Efforts to Address Transparency and Accountability Issues (6/17/09)
• Congressional Oversight Panel Releases Oversight Report on Stress Tests (6/9/09)
  • COP June Oversight Report: Stress Testing and Shoring Up Bank Capital 
• Congressional Oversight Panel Releases Oversight Report on Reviving Lending (5/7/09)
  • COP May Oversight Report: Reviving Lending to Small Businesses and Families and the Impact of the TALF 
• Treasury Section 105(a) Report for the Period March 1, 2009 to March 31, 2009 (4/10/09)
• Congressional Oversight Panel Releases Oversight Report on Assessing TARP Strategy (4/7/09)
  • Assessing Treasury’s Strategy: Six Months of TARP
  • Alternative View by Richard Neiman and John E. Sununu
  • Alternative View by John E. Sununu
• Bernanke and Dudley Letter to the Congressional Oversight Panel Regarding TALF (4/7/09)
  • Responses
• GAO Report on Troubled Asset Relief Program: March 2009 Status of Efforts to Address Transparency and Accountability Issues (3/31/09)
• Hearing on Oversight of the Federal Government's Intervention at AIG (3/24/09)
• Hearing on TARP: Oversight of Federal Borrowing and the Use of Federal Monies (3/19/09)
• Hearing on AIG's Impact on the Global Economy: Before, During, and After Federal Intervention (3/18/09)
• Hearing on Lessons Learned in Risk Management Oversight at Federal Financial Regulators (3/18/09)
• Prepared Testimony on TARP Accountability and Oversight: Achieving Transparency (3/11/09)
• Task Force to Deter, Detect and Investigate Fraud in Term Asset-Backed Securities Loan Facility (3/11/09)
• Treasury Department Section 105(a) TARP Report to Congress for February 2009 (3/6/09)
• COP Report on The Foreclosure Crisis: Working Towards a Solution (3/6/09)
  • Alternate Views of Rep. Jeb Hensarling
  • Alternate Views of Richard Neiman, Damon Silvers and Elizabeth Warren
• SIGTARP Questions and Answers Regarding Use of Funds Request Letter (2/25/09)
• Prepared Testimony on A Review of TARP Oversight, Accountability and Transparency for U.S. Taxpayers (2/24/09)
• Financial Services Democrats Call on Northern Trust to Repay TARP Funds (2/24/09)
• Grassley Urges Treasury to Explain Citigroup Stock Plans (2/23/09)
• Comptroller of the Currency Responds to the Congressional Oversight Panel Report (2/12/09)
• Treasury Report Under Sections 105(b) of the EESA (2/6/09)
• Congressional Oversight Panel Releases Third Monthly Oversight Report: Valuing Treasury Acquisitions (2/6/09)
  • COP Report
• SIGTARP: Initial Report to Congress (2/5/09)
• Treasury Report Under Section 105(a) of the EESA (2/3/09)
• Grassley urges OMB to Get Out of the Way of Special Inspector General for TARP (1/30/09)
• GAO Report on TARP: Status of Efforts to Address Transparency and Accountability Issues (1/30/09)
• Congressional Oversight Panel Releases Special Report on Regulatory Reform (1/29/09)
  • COP Report
• Grassley, Baucus Introduce Bill to Strengthen GAO Oversight of TARP Dollars (1/28/09)
  • Text of the Bill
• Treasury Secretary Announces New Rules to Limit Lobbyist Influence in Federal Investment Decisions (1/27/09)
• Grassley Comment on Report From the Special Inspector General for the TARP (1/22/09)
• Letter from Special IG Neil M. Barofsky to Senator Chuck Grassley (1/22/09)
• First Quarterly Report to Congress pursuant to section 104(g) of the EESA (1/16/09)
• Hearing on Priorities for the Next Administration: Use of TARP Funds (1/13/09)
• White House Transmittal Letter and TARP Report (1/12/09)
  • Section 115 Report
• Letter Detailing President-elect Obama’s Reforms to Troubled Asset Relief Program (1/12/09)
• Congressional Oversight Panel Releases Second Report (1/9/09)
  • The Second Report of the Congressional Oversight Panel
• Financial Stability Oversight Board Minutes (1/8/09)
• Treasury Fourth Tranche Report to Congress (1/7/09)
  • Fourth Tranche Report Appendix
• Second Treasury Report to Congress Under Section 105(a) of the EESA (1/6/09)
• Treasury Report to Congress Pursuant to Section 102 of the EESA (1/2/09)
• Treasury Releases Responses to Congressional Oversight Panel (12/31/08)
• Financial Stability Oversight Board Minutes (12/19/09) 
• Congressional Oversight Panel Holds First Field Hearing (12/16/08) 
• Statement and Procedures Regarding Public Access to Records of the Financial Stability Oversight Board (12/10/08)
• Financial Stability Oversight Board Minutes (12/10/08)
• Hearing on TARP Oversight (12/10/08)
• The First Report of the Congressional Oversight Panel for Economic Stabilization (12/10/08)
• Hensarling Statement on First Congressional Oversight Panel Report (12/9/08)
• Baucus Commends Confirmation of Special Inspector General for Financial Rescue Plan (12/8/08)
• Treasury Initial Report to Congress Under Section 105(a) of the EESA (12/5/08)
• Treasury Third Tranche Report to Congress Under Section 105(b) of the ESSA (12/2/08)
  • Third Tranche Report Appendices
• GAO Report on TARP (12/02/08)
• Treasury Second Tranche Report to Congress Under Section 105(b) of the ESSA (11/24/08)
  • Second Tranche Report Appendices
• Bill Proposed by Rep. Sanders: "Stop the Greed on Wall Street Act" (11/19/08)
• Hensarling, Gregg Named to TARP Oversight Panel (11/19/08)
• Hearing on TARP IG Nomination (11/17/08)
• Pelosi and Reid Announce Three Members of Congressional Oversight Panel (11/14/08)
• Statement from NY Governor on Appointment of NY Superintendent of Banks to TARP Oversight Board (11/14/08)
• Bush Appoints Neil Barofsky to Serve as TARP IG (11/14/08)
• Baucus Comments on IG Appointment (11/14/08)
• Financial Stability Oversight Board Minutes (11/9/08)
• Treasury First Tranche Report to Congress Under Section 105(b) of the EESA (11/4/08)
  • First Tranche Report Appendices
• Financial Stability Oversight Board Minutes (10/22/08)
• Financial Stability Oversight Board Minutes (10/13/08)
• Financial Stability Oversight Board Minutes (10/7/08)

Treasury Statements on EESA

• Geithner Statement at the G-20 Finance Ministers and Central Bank Governors Meeting (3/14/09)
• Treasury Secretary Tim Geithner Opening Statement Senate Banking Committee Hearing (2/10/09)
• Secretary Geithner Introduces Financial Stability Plan (2/10/09)
  • Financial Stability Plan Fact Sheet
• Kashkari Review of the Financial Market Crisis and the TARP (1/13/09)
• Kashkari Remarks on Treasury Progress Implementing TARP (1/8/09)
• Kashkari Update on the TARP Program (12/8/08)
• Kashkari Remarks on Financial Markets and TARP Update (12/5/08)
• Kashkari Testimony to the Senate Appropriations Committee (12/4/08)
• Sobel Remarks on the Global Financial Crisis and the IMF's Response (12/2/08)
• Paulson Remarks on the U.S. Economy and Financial System (12/1/08)
• Paulson Remarks at the Reagan Library (11/20/08)
• Ramanathan Testimony before the House Small Business Committee (11/20/08)
• Kashkari Remarks on EESA Implementation (11/19/08)
• Paulson NY Times Op-Ed: Fighting the Financial Crisis, One Challenge at a Time (11/18/08)
• Treasury: Setting the Record Straight on the EESA (11/13/08)
• Paulson Remarks on Financial Rescue Package and Economic Update (11/12/08)
• Kashkari Remarks at SIFMA Summit on the TARP (11/10/12)
• Ryan Speech on EESA Implementation (10/28/08)
• Kashkari Testimony on EESA Implementation (10/23/08)
• Speech by Chairman Ben S. Bernanke on Stabilizing the Financial Markets and the Economy (10/15/08)
• Joint Statement by Treasury, Federal Reserve and FDIC (10/14/08)
• Paulson Statement on Actions to Protect the U.S. Economy (10/14/08)
• Kashkari Remarks on EESA Implementation (10/13/08)
• Paulson Statement Following G-7 Meeting (10/10/08)
• McCormick Statement in Advance of G-7 Meeting (10/8/08) 
• Paulson Statement on Financial Markets Update (10/8/08)
• Kashkari Appointed Interim Assistant Secretary for Financial Stability (10/6/08)
• Statement by the President's Working Group (10/6/08)
• Paulson Statement on EESA Passage (10/3/08)
• Paulson Statement on EESA Vote (9/29/08)
• Paulson Statement on EESA (9/28/08)
• Paulson Testimony before the House (9/24/08)
• Paulson Testimony before the Senate (9/23/08)
• Fact Sheet: Proposed Treasury Authority to Purchase Troubled Assets (9/20/08)
• Statement on Comprehensive Approach to Market Developments (9/19/08)

Other Key Statements Regarding the Financial Crisis

• Bernanke Remarks on Four Questions about the Financial Crisis (4/14/09)
• The Role of the Federal Reserve in Preserving Financial and Monetary Stability (3/23/09)
• OTS Guidance on Monitoring and Documenting the Use of Funds from Federal Financial Stability and Guaranty Programs (3/18/09)
• Speech by Chairman Bernanke on Financial Reform to Address Systemic Risk (3/10/09)
• Comptroller Dugan Urges Less Pro-Cyclical Approach to Reserves (3/2/09)
• Remarks by FDIC Chairman Bair to the IIB (3/2/09)
• Governor Paterson Asks Treasury Secretary Timothy Geithner to Help Protect Local Governments' Ability to Borrow (2/26/09)
• Joint Statement by the Treasury, FDIC, OCC, OTS, and the Federal Reserve on the Capital Assistance Program (2/23/09)
• FHFA Director Lockhart Before the Association of Government Accountants (2/19/09)
• Bernanke Speech on Federal Reserve Policies to Ease Credit and Their Implications for the Fed's Balance Sheet (2/18/09)
• TARP Accountability: Use of Federal Assistance by the First TARP Recipients (2/11/09)
• Interagency Statement on the Financial Stability Plan (2/10/09)
• Bernanke Testimony on Federal Reserve Programs to Strengthen Credit Markets and the Economy (2/10/09)
• President Creates Economic Recovery Advisory Board (2/6/09)
• Testimony on Pulling Back the TARP: Oversight of the Financial Rescue Program (2/5/09)
• Federal Reserve Announces Extension of Liquidity Programs (2/3/09)
• Testimony on Promoting Bank Liquidity and Lending Through Deposit Insurance, Hope for Homeowners, and other Enhancements (2/3/09)
• Bernanke Speech on the Crisis and the Policy Response (1/13/09)
• Kohn Speech on Restoring Financial Intermediation by Banks: The Role of Regulators (12/8/08)
• Bair Speech for the American Banker's Banker of the Year Awards (12/4/08)
• Bernanke Speech on Fed Policies in the Financial Crisis (12/01/2008)
• Bair Remarks at the Quarterly Banking Profile Press Conference (11/26/08)
• Assistant Secretary for International Affairs Clay Lowery Remarks on International Financial Institution Reform (11/24/08)
• Kroszner Testimony before the House Small Business Committee (11/20/08)
• Bair Remarks at Johns Hopkins University (11/20/08)
• Kroszner on the Effects of the Financial Crisis on Small Business (11/19/08)
• Hearing on EESA Implementation (11/18/08)
• Pelosi Statement on House Democratic Leaders’ Meeting with Paulson and Bernanke (11/17/08)
• Hearing: Is Treasury Using Bailout Funds to Increase Foreclosure Prevention, as Congress Intended? (11/14/08)
• Hearing on Oversight of the EESA: Examining Financial Institution Use of Funding Under the CPP (11/13/08)
• Interagency Statement on Meeting the Needs of Creditworthy Borrowers (11/12/08)
• Bair Testimony on Regulatory Responses to Turmoil in the US Credit Markets (10/23/08)
• Bernanke on Stabilizing the Financial Markets and the Economy (10/15/08)

TARP Procurement/Hiring

• Procurement Contracts and Agreements (4/1/09)
• TARP Conflicts of Interest Interim Final Rule (1/21/09)
• Treasury Hires Legal Firm Under the Emergency Economic Stabilization Act (12/17/08)
  • Thacher Proffit & Wood Contract 
• Treasury Announces Solicitation for Financial Agents Under the EESA (11/7/08)
  • Notice for Equity Securities, Debt Obligations and Warrants
• Treasury Hires Legal Firms Under the EESA (11/3/08)
  • Hughes Hubbard & Reed Contract
  • Squire Sanders & Dempsey Contract
• Treasury Names Interim Chief Investment Officer for TARP
• Treasury Hires Accounting Firms Under EESA (10/21/08)
  • PricewaterhouseCoopers Contract
  • Ernst & Young Contract  
• Treasury Hires Legal Adviser under EESA (10/16/08) 
  • Simpson Thacher & Bartlett Contract  
• Treasury Hires Custodian under EESA (10/14/08)
  • Custodian Contract   
• Treasury Hires EnnisKnupp as EESA Investment Adviser (10/13/08)
• Procurement Authorities and Procedures (10/6/08)
• Interim Guidelines for Conflicts of Interest (10/6/08)
• Asset Manager Selection Process (10/6/08)
• Solicitation for Whole Loan Asset Managers (10/6/08)
• Solicitation for Securities Asset Managers (10/6/08)
• Solicitation for Custodian, Accounting, Auction Management, and Other Infrastructure Service Providers (10/6/08)

American Recovery and Reinvestment Act of 2009

• Federal Reserve: Employ American Workers Act FAQs (3/31/09)
• USCIS Announces New Requirements for Hiring H-1B Foreign Workers (3/20/09)
  • Questions and Answers: Employ American Workers Act and its Effect on H-1B Petitions
• American Recovery and Reinvestment Act of 2009 (2/17/09)
  • Conference Report on the American Recovery and Reinvestment Act of 2009

EESA and Selected Legislative History

Legislation

• Emergency Economic Stabilization Act of 2008 ("EESA")

Debates

• House Debate Part 1 (9/29/08)
• House Debate Part 2 (10/3/08)
• House Debate Part 3 (10/3/08)
  
  
• Senate Debate Part 1 (10/1/08)
• Senate Debate Part 2 (10/1/08)

Proposed Legislation

• Frank Proposal (9/22/08)
• Dodd Proposal (9/22/08)
• Revised Paulson Proposal (9/21/08)
• Paulson Proposal (9/20/08)

Proposed Legislation to Amend the EESA

• TARP Reform and Accountability Act of 2009 (Frank 1/9/09)
  • Manager's Amendment
  • Short Summary of Manager's Amendment
  • Long Summary of Manager's Amendment
  • Summary of Amendments