Major Provisions

Friday, June 20, 2008

The House yesterday approved a $257.5 billion measure that funds the Iraq and Afghanistan wars into 2009 and creates a new GI Bill to pay for college tuition for returning veterans. The package is likely to pass the Senate, and President Bush has said he will sign it.

The bill includes:

· $162 billion for the wars in Iraq and Afghanistan.

· $62.8 billion over 10 years for veterans' education benefits.

· $8.2 billion to extend unemployment insurance by 13 weeks.

· $2.65 billion for flood relief in the Midwest.

· $5.8 billion to strengthen levees in New Orleans.

Other money would be allocated to provide food and disaster assistance overseas, build veterans' hospitals, cover cost overruns incurred by the Census Bureau, and improve safety oversight of food and medical products.

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