Summary of the Housing Rescue Bill
The bill that was passed by the House last week, the Senate this week, was signed into law by the President this morning. The following is a summary of H.R. 3221. H.R. 3221, the “Housing and Economic Recovery Act of 2008,” passed the House on July 23, 2008, by a vote of 272-152. On Saturday, July 26, 2008, the Senate passed the bill by a vote of 72-13. The President signed the bill on July 30, 2008. The bill includes the following provisions: GSE Reform – including a strong independent regul
Original post by I Team World