Keep Your Pay Act
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, Keep Your Pay Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Transportation, Government Operations.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section S1: 1. Short title; etc This Act may be cited as the Keep Your Pay Act. Except as otherwise expressly provided, whenever in this Act an amendment is expressed in...
- Section id08cb91e9290d40a99e8c0a1c613458dc: 101. Increased standard deduction Section 63(c) is amended— in paragraph (7), in the matter preceding subparagraph (A), by striking In the case and inserting...
- Section id05fb8f511ad6457091828e3922adaafb: 102. Increase in income tax rates for highest earners Section 1(j) is amended— in paragraph (1), by striking paragraphs (2) through (6) and inserting...
- Section id65568150f4c94b128636c53c29b455f3: 201. Permanent extension of earned income credit rules for individuals without qualifying children Subclause (II) of section 32(c)(1)(A)(ii) is amended by...
- Section ida726e5481b3b41db960eeed6242f27b7: 202. Application of earned income credit to possessions of the United States Subparagraph (B) of section 7530(a)(1) is amended by striking in the case of...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, Keep Your Pay Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Transportation, Government Operations
Primary Purpose
This bill, Keep Your Pay Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Legislative Progress
In CommitteeRead twice and referred to the Committee on Finance.
Introduced in Senate
Mr. Booker introduced the following bill; which was read twice …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_treasury"
- → Secretary of the Treasury
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology