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 Home > Learning Center > [H.R.384.RFS]

405. Commercial Loans.
 
Title I of the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 5211 et seq.) is amended by adding after section 139 (as added by section 404 of this title) the following new section:

`SEC. 140. CLARIFICATION OF AUTHORITY REGARDING COMMERCIAL LOANS.

    `The authority of the Secretary to take any action under this title includes the authority to establish or support facilities to support the availability of commercial loans, including through purchase of asset-backed securities, directly or through the Board or any Federal reserve bank.'.
 
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