William Lacy Clay Sr. Memorial Stamp Act

House Bill

H.R. 5421

119th Congress

William Lacy Clay Sr. Memorial Stamp Act

In Committee

Introduced:Sep 17, 2025

Primary Sponsor

Wesley Jonell-Cleavon Bell

Representative

Democratic

MO-1

Cosponsors

5

Quick Stats

Policy Area

Taxation

Summary

This bill would expand the Earned Income Tax Credit (EITC) to include more taxpayers, such as those with certain dependents like children and elderly family members, as well as students. It would also create a program to help low-income taxpayers get assistance filing their returns.

Latest Action

Referred to the House Committee on Ways and Means.

AI Summary

Plain-English explanation of this bill

This bill would expand the Earned Income Tax Credit (EITC) to include more taxpayers, such as those with certain dependents like children and elderly family members, as well as students. It would also create a program to help low-income taxpayers get assistance filing their returns.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

EITC Modernization Act This bill extends the earned income tax credit to taxpayers with certain dependents, including children and aged dependents, and to qualifying students. It also establishes a matching grant program for tax return preparation assistance for low-income taxpayers.

Key Points

Main provisions of the bill

Extends the EITC to taxpayers with qualifying dependents, including children and elderly relatives
Expands the EITC to cover eligible students
Establishes a grant program to provide tax preparation assistance for low-income individuals

How This Impacts Americans

Potential effects on citizens and communities

If passed, this bill would increase the number of people eligible for the EITC, which provides a tax credit for low- and moderate-income workers. This could boost incomes and reduce poverty for millions of families and individuals, including those caring for children or elderly relatives, as well as students. The tax preparation assistance program would also make it easier for low-income Americans to claim the credits they qualify for.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

5421, 119th Congress (2025). "William Lacy Clay Sr. Memorial Stamp Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-5421