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For Immediate Release
Office of the Press Secretary
July 30, 2008
President Bush Signs the Clean Boating Act of 2008 and the Housing and Economic Recovery Act of 2008 Into Law
On Tuesday, July 29, 2008, the President signed into law:
The Clean Boating Act of 2008, which exempts certain discharges incidental to the normal operation of a recreational vessel from regulation under the Clean Water Act.
On Wednesday, July 30, 2008, the President signed into law:
The Housing and Economic Recovery Act of 2008, which authorizes the Department of the Treasury to purchase obligations of housing Government Sponsored Enterprises (GSEs); reforms the regulatory supervision of the housing GSEs; provides reform of the Federal Housing Administration; provides homeownership assistance and reforms to mitigate recent increases in foreclosures; and contains housing-related tax incentives and other tax provisions.
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