bailout legislation

Bailout legislation refers to government measures designed to provide financial support to businesses or financial institutions in distress, often to prevent their collapse and stabilize the economy. This can involve loans, grants, or buying equity in the affected companies. Bailouts may arise during financial crises when a large entity's failure could lead to widespread economic fallout, impacting jobs and services. The aim is to restore confidence, protect the economy, and prevent further damage, but they can also be controversial, raising questions about accountability and the use of taxpayer money.