700 billion is divided into three parts. First, 250 billion yuan can be used to buy non-performing assets of financial institutions immediately. If the president thinks it is necessary, he can buy an additional 654.38 billion yuan of non-performing assets, and the remaining 350 billion yuan needs the approval of Congress to use, which is also the purchase of non-performing assets.

There are still about 654.38+05 billion yuan for tax reduction to help those who can't repay the loan and avoid the house being taken back by the bank.