H.R.5140: Economic Stimulus Act of 2008

About This Bill

  • This bill was introduced in the 110th Congress
  • This bill is primarily about congress
  • Introduced Jan. 28, 2008
  • Latest Major Action Feb. 13, 2008

Bill Summary

Economic Stimulus Act of 2008 - Title I: Recovery Rebates and Incentives for Business Investment - (Sec. 101) Amends the Internal Revenue Code to grant tax rebates of the lesser of net income tax liability or $600 to individual taxpayers ($1,200 for married taxpayers filing joint returns). Allows additional rebates of $300 for each child of an eligible taxpayer.Provides for a minimum tax rebate of $300 ($600 for married taxpayers filing joint...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 5 statements associated with H.R.5140.

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.5140.

Bill Actions

Date Description
Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Ways and Means
Referred to House Financial Services
Mr. Rangel moved to suspend the rules and pass the bill.
Considered under suspension of the rules.
DEBATE - The House proceeded with debate on H.R. 5140.
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 385 - 35, 1 Present (Roll no. 25).
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 566.
Motion to proceed to consideration of measure made in Senate.
Cloture motion on the motion to proceed to the measure presented in Senate.
Motion to proceed to consideration of measure withdrawn in Senate.
Cloture on the motion to proceed to the measure invoked in Senate by Yea-Nay Vote. 80 - 4. Record Vote Number: 5.
Motion to proceed to measure considered in Senate.
Measure laid before Senate by motion.
Motion by Senator Reid to commit to Senate Committee on Finance with instructions to report back forthwith, with the following amendment (SA 3985) made in Senate.
Considered by Senate.
Considered by Senate.
Motion by Senator Reid to commit to Senate Committee on Finance with instructions to report back forthwith, with the following amendment (SA 3985) withdrawn in Senate.
Passed Senate with an amendment by Yea-Nay Vote. 81 - 16. Record Vote Number: 10.
ORDER OF BUSINESS - Mr. Rangel asked unanimous consent that it may be in order at any time to take from the Speaker's table the bill H.R. 5140, with the Senate amendment thereto, and without intervention of any point of order, entertain a motion by the Chairman of the Ways and Means Committee to agree to the Senate amendment; that the motion shall be debatable for not to exceed forty minutes, equally divided and controlled; that the Senate amendment and the motion be considered as read; and that the previous question on the motion be considered as ordered to its adoption without intervening motion. Agreed to without objection.
Considered pursuant to a previous special order of the House.
Mr. Rangel moved that the House agree to the Senate amendment.
DEBATE - Pursuant to a previous special order, the House proceeded with forty minutes of debate on the Rangel motion to agree to the Senate amendment to H.R. 5140.
Message on Senate action sent to the House.
The previous question was ordered pursuant to a previous special order.
On motion that the House agree to the Senate amendment Agreed to by the Yeas and Nays: 380 - 34 (Roll no. 42).
Motion to reconsider laid on the table Agreed to without objection.
Cleared for White House.
Presented to President.
Signed by President.
Became Public Law No: 110-185.
Jan. 28, 2008

Introduced in the House by Nancy Pelosi (D-Calif.)

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