U.S. Economic Recovery Programs: A High-Level Guide

The onset and continuation of the financial and economic crisis has led to the creation of numerous federal programs aimed at stabilizing the U.S. financial system, improving public confidence in U.S. financial institutions and stimulating the U.S. economy. The Emergency Economic Stabilization Act of 2008 (EESA), enacted on October 3, 2008, established many of the federal programs intended to restore liquidity and stability to the U.S. financial system. In addition to the programs authorized under the EESA, the FDIC and the Federal Reserve have implemented various lending facilities and guarantee programs in an attempt to increase investor confidence and accommodate consumer and business credit needs.

The federal response to the continuing financial crisis is essentially a complex web of programs with multiple regulatory agencies responsible for implementation and oversight. The following flowcharts and acronym guide provide a high-level illustration and description of the authority for and interrelationship of these programs.

U.S. Economic Recovery Programs—Acronym Guide