A bailout loan package for the big three auto companies could be one step closer to reality.

Congress has sent a draft to President Bush Monday night- hoping to bring the plan to a vote this week.

The proposed bailout compromise announced Monday will give the auto industry a minimum of 15-billion dollars- which is less than half of what automakers were requesting.

Lawmakers want the big three to agree to a series of conditions before an agreement is made- including a possible car czar to over-see how the money is spent.

They also want restrictions on executive pay and strict loan payments.