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Senate Banking, Housing and Urban Affairs Committee Through the Ages

2008
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.

2009
Chairman Chris Dodd (D-Conn.) introduces comprehensive financial regulatory reform legislation in response to the 2008 financial crisis.

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