3765, enacted October 3, 2008) is a US Act of Congress signed into law by U.S. President George W. Bush, which was designed to mitigate the growing financial crisis of the late-2000s by giving relief to so-called "Troubled Assets.

After its defeat, Senate leaders decided to amend an existing bill from the House in order to circumvent the revenue origination clause of U.S. Constitution, and chose H.R.

[16] The Energy Improvement and Extension Act of 2008 create a new tax credit for qualified plug-in hybrid electric vehicles "purchased between January 1, 2009, and December 31, 2014.

[19] Also included in the act was $800 million in funding for Qualified Energy Conservation Bonds, which were to be issued by state and local governments.

It provides $8 billion in tax relief for those hit by natural disasters in the Midwest, Texas and Louisiana.

[5] The bill freezes a tax deduction that oil and gas companies get for certain domestic production activities.

[4] Original funding for the "authorization for the program expired in 2006" followed by Congress providing one year extensions in the intervening periods.

[31] The funding was distributed to states "to improve cooperative relationships among—the people that use and care for Federal land".

[3][32] Supporters of the bill believed that it was necessary in "preventing the collapse of the financial system and a deep recession".

[33] Critics asserted that the bill "unfairly benefited investors" while also failing to provide an adequate response to the economic crisis of the time.