USA Senate approves America financial system support draft law

02.10.08 20:14
/INTERFAX, Washington, October 2, 08/ - The USA Senate approves $700 bn. America financial system support draft law. Now the draft law should pass through voting in the House of Representatives, which is planned for Friday. The members of the House of Representatives have already informed on pressure, that they experienced on the side of the White House with demands to change their chose. The Government plan, voting on which finished on Thursday at 6:00 a.m., had the support of 74 senators, including both USA presidential candidate - Barack Obama and John McCain. 25 members of the Second Chamber were against. The leaders of Republicans and Democrats in the House of Representatives, which rejected historical government draft law on Monday, are confident that the plan will get another 12 needed votes at the new voting. The new adopted version of the document of 450 pages, compared to the previous 3 pages, presented in the Congress by the Ministry of Finance, provides a more valued bailout plan. Supplementary tax credit for private persons and companies is estimated at $150 bn. Various tax overture provide many credits, stimulating use of alternative sources of energy and relieving the status of the number of homeowners and socially unprotected citizens. The sum of banking deposits, which are under the system of government insurance from $100 th. to $250 th., is supposed to be increased, moreover so far it will be financed not by banks, but at the loan expense of the USA Ministry of Finance. [2008-10-02]