The Senate Bill

Randy Kuhl's spokeswoman Meghan Tisinger tells Gannett that Kuhl's staff is "still studying reviewing" the bailout bill that passed the Senate last night.

This bill's bailout provisions are essentially the same as Monday's bill. But it's full of sweeteners, including a tax credits for alternative energy, and raising the limit for the Alternative Minimum Tax exemption. It also includes some strange special interest provisions, like these two:

  • Extend cost recovery period for motor racing tracks.
  • Exempt from excise tax certain wooden arrow shafts for use by children.

There's at least one change actually related to the current economic crisis: raising the limit of FDIC-insured deposits from $100K to $250K.

McClatchy has a great rundown on the bill.