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Keep Your Pay Act

4/1/2026, 9:15 PM

Summary of Bill S 4042

The bill, titled "A bill to amend the Internal Revenue Code of 1986 to increase the standard deduction, and for other purposes," was introduced in the 119th Congress on March 10, 2026. It aims to raise the standard deduction within the Internal Revenue Code of 1986 and includes additional provisions for other purposes, as outlined in the bill text.

Read the Full Bill

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Current Status of Bill S 4042

Bill S 4042 is currently in the status of Bill Introduced since March 10, 2026. Bill S 4042 was introduced during Congress 119 and was introduced to the Senate on March 10, 2026.  Bill S 4042's most recent activity was Read twice and referred to the Committee on Finance. as of March 10, 2026

Bipartisan Support of Bill S 4042

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 4042

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 4042

A bill to amend the Internal Revenue Code of 1986 to increase the standard deduction, and for other purposes.
A bill to amend the Internal Revenue Code of 1986 to increase the standard deduction, and for other purposes.

Comments

Sponsors and Cosponsors of S 4042

Cory A. Booker
Cory A. Booker
New JerseyDemocrat

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