What is the official ID of this bill?

The official print number for this legislation is S 4042.

When did the legislative process begin?

The process officially started on 2026-03-10.

What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/119/bills/s4042/BILLS-119s4042is.htm

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-03-26.

Who is the primary sponsor?

The primary sponsor is Sen. Booker, Cory A. [D-NJ].

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Analysis and Potential Impact of S 4042

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

New tax breaks, monthly child payments, and higher taxes for the wealthiest.

Q: What are the main provisions?

Key points include: A massive increase in the standard deduction. Introduction of monthly child tax credit payments of $300 or $360 per child (with a higher amount for newborns). Expansion of the Earned Income Tax Credit (EITC) for childless workers, including younger adults and seniors. Increase in the top income tax rates (up to 41% and 43%) for the highest earners.

The bill introduces significant changes to the tax system to support workers and families. It drastically increases the standard deduction and introduces new, monthly child benefit payments. Additionally, it raises income tax rates for the highest earners.

Key points

A massive increase in the standard deduction.

Introduction of monthly child tax credit payments of $300 or $360 per child (with a higher amount for newborns).

Expansion of the Earned Income Tax Credit (EITC) for childless workers, including younger adults and seniors.

Increase in the top income tax rates (up to 41% and 43%) for the highest earners.

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Status:

Introduced

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Additional Information

Keep Your Pay Act

Print number: S 4042

Sponsor: Sen. Booker, Cory A. [D-NJ]

Process start date: 2026-03-10

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-3.1-pro-preview

Source data: api.congress.gov

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