EESA meaning in Governmental ?

Answer:

What is Emergency Economic Stabilization Act mean?

The Emergency Economic Stabilization Act of 2008, often called the "bank bailout of 2008", was proposed by Treasury Secretary Henry Paulson, passed by the 110th United States Congress, and signed into law by President George W. Bush. The act became law as part of Public Law 110-343 on October 3, 2008, in the midst of the financial crisis of 2007–2008. The law created the $700 billion Troubled Asset Relief Program (TARP) to purchase toxic assets from banks. The funds for purchase of distressed assets were mostly redirected to inject capital into banks and other financial institutions while the Treasury continued to examine the usefulness of targeted asset purchases.

A financial crisis had developed throughout 2007 and 2008 partly due to a subprime mortgage crisis, causing the failure or near-failure of major financial institutions like Lehman Brothers and American International Group. Seeking to prevent the collapse of the financial system, Secretary of the Treasury Paulson called for the U.S. government to purchase about several hundred billion dollars in distressed assets from financial institutions. Paulson's proposal was initially rejected by Congress, but the ongoing financial crisis and the lobbying of President Bush ultimately convinced Congress to enact Paulson's proposal as part of Public Law 110-343.

Early estimates for the total cost of the bailout to the government were as much as $700 billion, however TARP recovered funds totalling $441.7 billion from $426.4 billion invested, earning a $15.3 billion profit or an annualized rate of return of 0.6% and perhaps a loss when adjusted for inflation.

reference

Full Form	Category
Education Equivalency Service for Architects	Academic & Science
Electrical Enigineering Students Association	Academic & Science
Environmental Engineering Students Association	Academic & Science
Ethiopian Eritrean Student Association	Academic & Science
East End Soccer Academy's	Academic & Science
East End Soccer Academy	Academic & Science
Electrical Engineering Students Association	Academic & Science
Electronic Evidence Submission Application	Academic & Science
Electrical and Engineering Staff Association	Academic & Science
Employment Equity Specialists Association	Community
Electric Energy Society of Australia	Community
Education for Economic Security Act (a.k.a. Eisenhower)	Community
Education Evaluation Services for Architects	Community
Enterprise Extensions Smart Accessed	Computing
Employee Efficiencies Suggestion Awards	General
Emergency Economic Stability Act	Governmental
Enhanced Employment and Support Allowance	Governmental
Energy Efficiency Standards Act	Governmental
Emergency Economic Stabilization Act	Governmental
Earth and Environmental Sciences Area	Governmental
European Energy Service Award	Governmental
Environmental Engineering Student Association	Governmental
Enhanced Employment Support Allowance	Governmental
Equipos Eléctricos, S. A.	International
European e Skills Association	Regional
Entrepreneurship and Empowerment in South Africa	Regional
Entrepreneurship Empowerment in South Africa	Regional
Eastern European Study Abroad	Regional
Eastern European Service Agency	Regional