The Economic Stabilization Act of 2008 was passed in response to the financial crisis.

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The Economic Stabilization Act of 2008, also known as the Emergency Economic Stabilization Act, was passed by the US Congress and signed into law by President George W. Bush in October 2008 in an effort to address the ongoing financial crisis that began in 2007-2008. The act established the Troubled Asset Relief Program (TARP) to provide funds for banks and other financial institutions that were struggling as a result of the crisis.

The Economic Stabilization Act of 2008 Was Passed in Response