Tuesday, October 07, 2008, 10/07/2008 07:58:00 AM

Trade Secrets and the New Financial Landscape?

Suffice it to say that we all know that the world has changed and is changing as a result of the financial meltdown.

Just what it means for trade secrets and the issues covered on this blog is anyone's guess at this point.

Nevertheless, for your edification, we are linking to a piece prepared by one of our colleagues concerning "What Banks, Financial Institutions, Investors And Service Providers Need To Know About The Emergency Economic Stabilization Provisions of H.R. 1445."

The historic "economic rescue" bill began as a 2.5 page proposal from the U.S. Treasury to provide immediate liquidity to troubled financial markets and grew to a nearly 450-page enactment consisting of three separate laws: (i) the Emergency Economic Stabilization Act of 2008 (“EESA”), (ii) the Energy Improvement and Extension Act of 2008, and (iii) the Tax Extenders and Alternative Minimum Tax Relief Act of 2008.

President Bush signed the bill on Friday, October 3 within moments of its passage in the House of Representatives. Whether Congress made immediate implementation of the “rescue” provisions of the bill unwieldy remains to be seen.

The link provides an extensive summary of the legislation.

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