Credit_Institutions_(Financial_Support)_Act_2008
The Credit Institutions (Financial Support) Act 2008 (No. 18) is an Act of the Oireachtas (Irish parliament). It was emergency legislation passed by the Irish Government on Tuesday, 30 September 2008 and enacted on Thursday, 2 October to provide a €440 billion guarantee to six Irish banks to prevent possible collapse as a result of the Financial crisis of 2007–2008
It was the first time since its foundation that the Seanad began debate on legislation after midnight, passing the bill at 8 a.m. on Thursday 2 October.[citation needed]