THE WHITE HOUSE
Office of the Press Secretary
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For Immediate Release October 3, 2008
STATEMENT BY DEPUTY PRESS SECRETARY SCOTT STANZEL
On Friday, October 3, 2008, the President signed into law:
H.R. 1424, the Emergency Economic Stabilization Act of 2008, Energy Improvement and Extension Act of 2008, and Tax Extenders and Alternative Minimum Tax Relief Act of 2008, which authorizes 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.
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