3.0.0 7253 2021-06-07T20:07:19Z 2021-06-07T20:07:19Z House H HR 2008-10-03 110 hsba00 Financial Services Committee House Standing Referred to 2008-10-03T13:00:20Z hswm00 Ways and Means Committee House Standing Referred to 2008-10-03T13:00:15Z 2008-10-03 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-10-03 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2008-10-03 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2008-10-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-10-03 Introduced in House IntroReferral 1000 9 Library of Congress A000055 Rep. Aderholt, Robert B. [R-AL-4] ROBERT ADERHOLT R AL B. 4 N Finance and Financial Sector Bank accounts, deposits, capital Capital gains tax Corporate finance and management Financial crises and stabilization Government lending and loan guarantees Government trust funds Income tax rates Securities Finance and Financial Sector 00 2008-10-03 Introduced in House 2008-11-28T21:27:13Z Economic Growth and Financial Stabilization Act - Amends the Internal Revenue Code to prescribe a 0% capital gains rate for individuals.

Revises the formula for: (1) the alternative tax for corporations to prescribe a 0% capital gains rate; and (2) the ordinary income tax for corporations by eliminating the two tax rate brackets above 25% and reducing the maximum amount of tax imposed.

Establishes in the Department of the Treasury a Distressed Assets Loan Fund under the control of the Secretary of the Treasury to make loans available at low rates of interest to depository institutions with distressed assets.

Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to increase from $100,000 to $250,000 the maximum amount of deposit insurance and share insurance, respectively.

Treats gain or loss from the sale or exchange of any applicable preferred stock by any applicable financial institution as ordinary income or loss.

]]> Economic Growth and Financial Stabilization Act of 2008 Short Titles as Introduced Economic Growth and Financial Stabilization Act of 2008 Display Title Economic Growth and Financial Stabilization Act of 2008 Official Title as Introduced To enhance economic growth and promote the stability of the financial system of the United States, and for other purposes. Introduced in House 2008-10-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr7253ih/xml/BILLS-110hr7253ih.xml 2008-10-03 Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.