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.
Vice President Joe Biden waits to conduct a mock swearing-in ceremony with Sen. Brian Schatz, D-Hawaii, in the Capitol's Old Senate Chamber, December 2, 2014. Schatz was sworn in to serve the remainder of his term since he was appointed to the seat after Sen. Daniel Inouye, D-Hawaii, passed away.