The Senate is expected to vote on the bailout this evening, with Obama, Biden, and McCain planning to show up to cast their ballots. After the House failed to pass the bailout on Monday, Congressional leaders began to tweak the plan to try and make it more palatable to GOP skeptics.
The new provisions are:
Additionally, the Senate attached these provisions, measures the House has already passed as separate bills:
In case you missed it, here is a detailed explanation posted on Out of Control of the bailout bill as it was voted down in the House (and the GOP alternative plan):
Here is a more watered down explanation of the bailout from Reason finance analyst Anthony Randazzo published in Patrol Magazine: