The Emergency Economic Stabilization Act is signed into law. The bill establishes the $700 billion Troubled Asset Relief Program to assist troubled financial institutions in the wake of the late 2008 financial crisis. TARP is later expanded to assist nonfinancial companies, including General Motors Corp. and Chrysler.
Chairman Chris Dodd (D-Conn.) introduces comprehensive financial regulatory reform legislation in response to the 2008 financial crisis.
Rep. Elijah Cummings, D-Md., right, hugs Harold Schaitberger, General President of the International Association of Fire Fighters, after the Congressman spoke at the IAFF's Legislative Conference General Session at the Hyatt Regency on Capitol Hill, March 9, 2015. The day featured addresses by members of Congress and Vice President Joe Biden.