The 263-171 vote by the House of Representatives sends the Senate-passed version to the White House for President Bush’s signature. Among many features, the measure would allow the Treasury Department to buy up bad debt from various lending institutions.

Many members of the House who refused to vote for the bill were swayed by a series of earmarks added after the first House vote failed earlier this week.

The stock market opened higher on anticipation that the bill would pass.

The core of the plan remains the same. The Treasury Department will have $700 billion at its disposal to purchase bad mortgage-related securities that are weighing down the balance sheets of institutions that hold them.

At the same time, lawmakers have dramatically changed the measure, insisting on greater congressional supervision over the $700 billion, taking measures to protect taxpayers, and insisting on steps to crack down on so-called “golden parachutes” that go to corporate executives whose companies fail.

Also, the bill now requires the president to establish a plan to recoup the cost from the financial industry if, after five years, there are any losses.

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