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How Florida's Congressional Delegation Voted

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Sep 29, 2008 11:10 pm US/Eastern

How Florida's Congressional Delegation Voted

View the entire roll call vote

WASHINGTON (CBS4) ― The $700 billion bailout plan was voted down in the House of Representatives Monday afternoon. The votes of Representatives from the state of Florida broke down exactly along party lines.

Democratic representatives Wexler (Dist. 19), Wasserman-Schultz (Dist. 20, Hastings (Dist. 23), Meek (Dist. 17), and Klein (Dist. 22) all voted in favor of the bailout plan.

Republican representatives Lincoln Diaz-Balart, Mario Diaz-Balart and Ileana Ros-Lehtinen all voted against the bailout plan.

The bailout plan was different than what the Bush administration had originally proposed. There were restrictions allowing Congress to limit how much of the money goes out the door at once.

It also included caps on pay packages of top executives as well as assurances that the government also would ultimately be reimbursed by the companies for any losses. The Treasury would have been permitted to spend $250 billion to buy banks' risky assets, giving them a much-needed necessary cash infusion.

There also would be another $100 billion for use at president's discretion and a final $350 billion if Congress signs off on it.

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