That means fewer families will receive a partial payment than would have under the original plan — completely cutting off those who earn more than $160,000 a year and individuals who earn more than $80,000 a year.
But the same households will receive the full payment of $1,400 per person, including children. Individuals earning less than $75,000 and couples earning less than $150,000 will — just as in the House bill. Then, the payments will phase out faster for those earning more.
Unlike the previous two rounds, adult dependents — including college students — are expected to be eligible for the payments.
The federal government sent payments worth up to $1,200 per person last year and up to $600 in January. The next round is intended to top off the $600 checks so that individuals receive a total of $2,000.
Senate Democratic leaders are set to move the bill forward this week but are continuing to finalize the text. With a 50-50 party split, they will need the support of the entire caucus.
