Child bonus funded by high-income exclusion

(a) In general In addition to any amount paid under section 4, the Secretary shall pay a Child Bonus with respect to any Eligible Return that— (1) is not excluded under section 4(b); and (2) claims one or more Qualified Children. (b) Fixed amount The Child Bonus shall be equal to $125 for each Qualified Child claimed on such return. (c) Funding and cap (1) Use of savings Amounts paid under this section shall be paid solely from amounts not paid due to the income limitation under section 4(b). (2) Limitation Total payments under this section, together with total payments under section 4, shall not exceed $231,350,000,000. (d) Proration authority If the Secretary determines that the amount available under subsection (c)(1) is insufficient to pay the full Child Bonus amounts specified in subsection (b), the Secretary shall reduce each Child Bonus payment on a pro rata basis so that the aggregate limitation under section 4(c) is not exceeded. (e) Coordination The Secretary shall, to the maximum extent practicable, disburse the Child Bonus as part of the same payment as the section 4 rebate.