Bailout Bill Basics: From TARP to Tax Breaks

The bill raises the Federal Deposit Insurance Commission limits from $100,000 per account to $250,000 account until Dec. 31, 2009. Supporters of the measure say it will prove especially comforting to small-business bank customers.

The same insurance increase applies to the National Credit Union Share Insurance Fund, which backs accounts at most of the country's credit unions.

Other Provisions

The provision of $3.3 billion in funding for rural schools between 2009 and 2012.

The requirement that private insurance plans that offer mental health benefits fund those benefits to the same extent that they fund other medical services.

Tax benefits for commercial fishermen and others who received court settlements related to the 1989 Exxon Valdez oil spill.

An excise tax exemption for producers and importers of certain types of wooden arrows used by children.

The extension of a tax break for makers of rum in Puerto Rico and the Virgin Islands. The tax measure initially expired in December 2007.

With reports from the Associated Press.

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