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Congress > Legislation
H.R. 1424:
Emergency Economic Stabilization Act of 2008
110th Congress

This is a bill in the U.S. Congress originating in the House of Representatives ("H.R."). A bill must be passed by both the House and Senate and then be signed by the President before it becomes law.

Bill numbers restart from 1 every two years. Each two-year cycle is called a session of Congress. This bill was created in the 110th Congress, in 2007-2008.

The titles of bills are written by the bill's sponsor and are a part of the legislation itself. GovTrack does not editorialize bill summaries.

2007-2008
Track H.R. 1424 [110th]

Because this bill was introduced in a previous session of Congress, no more action can occur on it.

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Primary Source

See H.R. 1424 [110th] on THOMAS for the official source of information on this bill or resolution.

A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.

This is the Senate's October 2008 Economic Stimulus Relief Bill. This bill was originally introduced in March 2007 and passed the House as the Genetic Information Nondiscrimination Act of 2008. In October 2008, it was co-opted as the so-called "vehicle" to pass the relief bill with an amendment that rewrites the whole bill. The House's initial vehicle was H.R. 3997, but they failed to pass their amendment co-opting the bill.

Overview

Sponsor:
Text:
Summary | Full Text
Status:
Occurred: IntroducedMar 9, 2007
Occurred: Referred to CommitteeView Committee Assignments
Occurred: Reported by CommitteeJul 18, 2007
Occurred: Amendments (5 proposed)View Amendments
Occurred: Passed HouseMar 5, 2008
Occurred: Passed SenateOct 1, 2008
Occurred: Signed by PresidentOct 3, 2008
This bill became law. It was signed by George Bush.
Last Action:
Oct 3, 2008: Became Public Law No: 110-343.
Other Titles:
-- Financial industry bailout bill
-- Energy Improvement and Extension Act of 2008
-- Heartland Disaster Tax Relief Act of 2008
-- Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008
-- Tax Extenders and Alternative Minimum Tax Relief Act of 2008
Related:
See the Related Legislation page for other bills related to this one and a list of subject terms that have been applied to this bill. Sometimes the text of one bill or resolution is incorporated into another, and in those cases the original bill or resolution, as it would appear here, would seem to be abandoned.
Votes:
Mar 5, 2008: This bill passed in the House of Representatives by roll call vote. The totals were 268 Ayes, 148 Nays, 13 Present/Not Voting. Vote Details.
You are not tracking any senators or representatives. To see their votes here, look up a Member of Congress.

This was the March 2008 House vote to pass the Genetic Information Nondiscrimination Act of 2008, also called the Paul Wellstone Mental Health and Addiction Equity Act of 2008. The bill was never approved by the Senate in this form. It was later co-opted by the Senate as the "vehicle" for the quick passage of the economic stimulus bill, by replacing the entire text of the measure with the stimulus bill.

Oct 1, 2008: This bill passed in the Senate by roll call vote. The totals were 74 Ayes, 25 Nays, 1 Present/Not Voting. Vote Details.
You are not tracking any senators or representatives. To see their votes here, look up a Member of Congress.

This was the Senate's October 2008 vote to pass the Economic Stimulus Relief Bill, after co-opting HR 1424 as the vehicle to quickly pass the legislation.

View all 6 votes on this bill.
Question & Answer
Can you answer any of these questions posed by other users? Think of it as a civic good deed. See 27 more questions posed on this topic or submit your own question on the Q&A page.
Sep 19, 2009 1:47 PM - if the total cost of my solar electric system is $50,000 does the 30% tax credit apply to the total $50,000 or only a portion if the power company give you a $3.00 watt rebate? or do you have to reduce the total cost by the rebate the power company gives you. - Answer it!
Oct 10, 2009 10:04 PM - Is there a tax credit for purchasing an electric golf car? - Answer it!
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