The Senate bill passed Wednesday night included measures that:

• Allow Treasury Secretary Henry Paulson to buy up to $700 billion in bad mortgage-related securities and other bad assets. 
• Allow the Treasury Department to modify mortgage terms to help homeowners avoid foreclosure.
• Permit the government to receive equity in companies it helps so taxpayers get a share of any future profits.
• Restrict executive pay for companies aided by the program.
• Create an independent oversight board to oversee the Treasury Department program.