Letter to Congressional Leaders Certifying the Secretary of the Treasury To Purchase Troubled Assets
Dear Madam Speaker: (Dear Mr. President:)
Pursuant to section 115(a)(2) of the Emergency Economic Stabilization Act of 2008 (Public Law 110-343) (the "Act"), I hereby certify that it is necessary for the Secretary of the Treasury to exercise the authority granted under the Act to purchase, or commit to purchase, troubled assets up to the limit of $350 billion outstanding at any one time.
Sincerely,
GEORGE W. BUSH
NOTE: Identical letters were sent to Nancy Pelosi, Speaker of the House of Representatives, and Richard B. Cheney, President of the Senate.
George W. Bush, Letter to Congressional Leaders Certifying the Secretary of the Treasury To Purchase Troubled Assets Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/284523