US HB7865

One-time direct rebate payments to taxpayers totaling $231,350,000,000, funded by revenue from tariffs imposed under the International Emergency Economic Powers Act without congressional authorization

Taxpayers with adjusted gross income exceeding $400,000 are ineligible for payments; savings from excluding high earners fund a $125 per-child bonus for families with qualified children

Payment amounts vary by filing status: single and married filing separately receive 100% of the base amount; head of household receives 150%; married filing jointly and qualifying surviving spouse receive 200%

Payments distributed automatically by the IRS via direct deposit, paper check, or prepaid debit card, with a simplified filing procedure for non-filers

Secretary of the Treasury must report to Congress within 90 days of enactment and every 60 days thereafter on payment distribution progress and remaining funds