States and local governments get $150bn to cover their fiscal expenses, on top of approximately $50bn increased payments each year through the Medicaid programme.
"Here we are in the midst of the worst economic downturn perhaps since the Great Depression, tens of millions of people are anxious to death about how they're going to feed their families, pay their rent, prevent a foreclosure", Sanders added.
The bill must now pass in the House of Representative before it reaches President Trump's desk to become law.
An additional $500 per child will be tacked on to that.
Although the text of the final Senate bill had not been released, many provisions included in an earlier draft were expected to remain intact.
The massive bill - which would be the largest economic stimulus measure ever passed by Congress - includes a $500 billion fund to help hard-hit industries and a comparable amount for direct payments of up to $3,000 apiece to millions of USA families.
Even those who have no income, whose income comes entirely from nontaxable benefit programs like Social Security or who file a tax return only in order to take advantage of the refundable Earned Income Tax Credit and Child Tax Credit, should get a check.
Pelosi was a force behind $400 million in grants to states to expand voting by mail and other steps that Democrats billed as making voting safer but Republican critics called political opportunism. House GOP leaders said they also support this strategy.
"The Senate is going to stand together, act together, and pass this historic relief package today", McConnell said.
Passage in the Senate had been delayed for hours on Wednesday by objections from four GOP senators over expanded unemployment benefits for low wage workers.
The massive package also includes $100 billion in assistance for hospitals and health systems across the nation.
- That fund will include a number of transparency and oversight measures, including public disclosure of where the loan money goes, an inspector general to oversee the program, and a provision that high-level government officials can not benefit.
Schumer also said that hundreds of billions would be spent on Democratic priorities, including the expansion of unemployment benefits, money for hospitals as well as more funding for cities and transportation. The bill is also seeking a bailout of underfunded multi-employer pension plans that coal miners, Teamsters and other labor groups have been pushing for, as well as a $10,000-per-borrower reduction in student loan debt.
According to a summary circulated by the office of Democratic leader Chuck Schumer, businesses owned by the president, vice president, members of Congress or heads of executive departments would be excluded from receiving that aid. Their children, spouses and in-laws also can not benefit.