The financial system bailout bill includes:
Purchase of up to $700 billion in troubled Mortgage Backed Securities
$100 billion at president's discretion
$350 billion subject to congressional review
Requirements for executive pay limits
Creation of several layers of oversight
An increase in Federal Deposit Insurance Corporation coverage of bank deposits from $100,000 to $250,000, as well as extensions of tax credits [see below] and a freeze on the expansion of the Alternative Minimum Tax added an extra $140 billion to the original $700 billion price tag.