The Bush administration is asking Congress for $700 billion to buy up troubled assets from financial institutions. Congressional Democrats are proposing to add several limits and requirements. Here are the main elements of both plans:


Bush administration plan:

_Give the Treasury secretary broad authority to buy up to $700 billion in troubled assets from any financial institution if he decides, in consultation with the chairman of the Federal Reserve, that it's necessary for market stability.

_Raise the $10.6 trillion statutory limit on the national debt to $11.3 trillion.

_Allow the Treasury secretary to buy, hold and sell the assets in any way he sees fit. That includes the ability to go outside normal government contracting practices to hire private companies to manage them.

_Require the government to report to congressional budget, tax-writing and financial services committees within three months of using the authority and every six months thereafter.

_Shield rescue program from judicial review.

_Expire two years after enactment.


House Democrats' proposed changes:

_Require that companies benefiting from the bailout don't give so-called "golden parachutes" to executives and have rules to revoke bonuses awarded based on bogus claims.

_Allow the government to take an equity stake in participating companies to share in future profits.

_Require that the government draft a plan to renegotiate the mortgages it purchases to help homeowners avoid foreclosure.

_Allow judges to rewrite the terms of bankrupt homeowners' mortgages so they can afford to stay in their homes.

_Create a congressional oversight panel to scrutinize the rescue program and subject it to court review.

_Limit the program to financial institutions with "significant operations" in the United States and exclude foreign central banks and companies owned by foreign governments.