The White House, President George W. Bush Click to print this document

For Immediate Release
Office of the Press Secretary
October 14, 2008

Text of a Letter from the President to the Speaker of the House of Representatives and the President of the Senate

October 14, 2008

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.



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