EESA Update: TARP-CPP Application Requirements and Federal Securities Law Considerations

On October 31, 2008, the U.S. Treasury Department (Treasury) published form documents (Form Documents) related to the Troubled Asset Relief Program Capital Purchase Program (TARP-CPP) authorized by the Emergency Economic Stabilization Act of 2008 (EESA). The TARP-CPP, so-far the only program announced by Treasury under the Troubled Asset Relief Program (TARP) established pursuant to the EESA, has proven to be effective in making an impact in a short timeframe with a portion of the $700 billion in funding provided by the EESA.