a primary focus of the economic stabilization act of 2008 which became known as the
Emergency Economic Stabilization Act of 2008 On October 1, 2008, the Senate debated and voted on an amendment to H.R. 1424, which substituted a newly revised version of the Emergency Economic Stabilization Act of 2008 for the language of H.R. 1424.[9][10] The Senate accepted the amendment and passed the entire amended bill, voting 74–25.[11] Additional unrelated provisions added an estimated $150 billion to the cost of the package and increased the length of the bill to 451 pages.[12][13] (See Public Law 110-343 for details on the added provisions.) The amended version of H.R. 1424 was sent to the House for consideration, and on October 3, the House voted 263–171 to enact the bill into law.[9][14][15] President George W. Bush signed the bill into law within hours of its congressional enactment, creating the $700 billion Troubled Asset Relief Program (TARP) to purchase failing bank assets.[16]
Market economy Market economies range from minimally regulated “free market” and laissez-faire systems - where state activity is restricted to providing public goods and services and safeguarding private ownership[3] - to interventionist forms where the government plays an active role in correcting market failures and promoting social welfare. State-directed or dirigist economies are those where the state plays a directive role in guiding the overall development of the market through industrial policies or indicative planning — which guides but does not substitute the market for economic planning — a form sometimes referred to as a mixed economy.[4][5][6]