Under the plan, people making up to $75,000 a year are expected to receive checks for $1,200. Couples making up to $150,000 would receive $2,400, with an additional $500 per child. The new agreement removed the phased-in provision that would have excluded lower-income Americans from receiving the full benefit.

The payments would decrease for those making more than $75,000, with an income cap of $99,000 per individual or $198,000 for couples.