    [Public Papers of the Presidents of the United States: George W. Bush (2008, Book II)]
    [October 14, 2008]
    [Pages 1309-1310]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Letter to Congressional Leaders Certifying the Secretary of the Treasury
    To Purchase Troubled Assets
    October 14, 2008

    Dear Madam Speaker:  (Dear Mr. President:)
        Pursuant to section 115(a)(2) of the Emergency Economic
    Stabilization Act of 2008 (Public Law 110-343) (the ``Act''), I hereby
    certify that it is necessary for the Secretary of the Treasury to
    exercise the authority granted under the Act to purchase, or commit to
    purchase, troubled assets up to the limit of $350 billion outstanding at
    any one time.

    [[Page 1310]]

             Sincerely,

                                                              George W. Bush

    Note: Identical letters were sent to Nancy Pelosi, Speaker of the House
    of Representatives, and Richard B. Cheney, President of the Senate.