The U.S. House of Representatives approved HR 7321, the Auto Industry Financing and Restructuring Act. The bill provides an immediate $14 billion in loans to prevent the collapse of GM and Chrysler and set the stage for government stakes in automakers and Washington-directed restructurings. The vote took place at 8:46 PM this evening by a vote of 237 (Aye) to 170 (noes) to 1 (present) to 26 (not voting) setting up a showdown in the Senate where prospects for passage are not as certain. Want to see how your member of Congress voted? Click here.