The bill expected to top $2 trillion and also bails out businesses, hospitals and local governments.
But Treasury Secretary Steven T. Mnuchin said most Americans would opt to keep their jobs, adding that the provision was needed to streamline the process of getting aid to workers nationwide.
"This isn't who we are as Americans; this isn't what we do in a crisis".
The plan includes loans for distressed companies from a $425 billion fund controlled by the Federal Reserve.
The legislation creates a $367 billion federally-guaranteed loan program for small businesses who must pledge not to lay off their workers. House members are scattered around the country and the timetable for votes in that chamber was unclear.More news: Apple's Watches excluded from US tariffs on China imports
Questions remain about how the House will pass the measure.
The House was scheduled to vote on the legislation on Friday (March 27). But if some wanted to object in person, they could.
"I do not believe we should pass a $2-trillion bill by unanimous consent", McCarthy said. The losing side often asks for a recorded vote, which would require Pelosi to recall House members from across the country.
Pelosi voiced willingness Wednesday to have a voice vote.
It will next go to the House for a vote.
Full details of the package have yet to be released, but some elements of the proposal are being touted among Republican and Democratic leaders on Capitol Hill. He said it would bolster the unemployment insurance system so states can match the missing salary of low-income workers, and give others enough to "be able to put food on the table, maybe make the rent, maybe make the auto payment during this period". The amount would be reduced by five cents for every dollar that a tax filer's adjusted gross income exceeds $75,000, or that a married couple filing jointly exceeds $150,000. Anyone making more than $99,000 won't receive a payment at all and the threshold doubles for couples.More news: Nokia Mobile (HMD Global) announces it won't be attending MWC 2020
It also includes a $500 billion program for guaranteed, subsidized loans to larger industries, including airlines.
Trump urged Congress to quickly send him the bill, saying during a Wednesday press conference at the White House it would be "a great day for the American worker and for American families, and frankly for American companies".
"This funding should be sufficient to offset the economic hit to states, though this will also depend on the rise in costs that states face as a result of increased benefit payments and the direct cost of the health response", Goldman Sachs economists said in a note.
The benefit also applies to those who have no income or receive social security income.
First proposed last week, the bill was delayed by days of negotiations that spurred angry speeches and uncharacteristic outbursts on the Senate floor. Republicans in turn fumed that Democrats were playing politics in a time of crisis. "After days of intense discussions, the Senate has reached a bipartisan agreement on a historic relief package for this pandemic".More news: With DLSS 2.0, AI Continues to Revolutionize Gaming