diff --git a/Misc/NEWS.d/next/Documentation/2021-11-06-10-54-17.bpo-45392.JZnVOz.rst b/Misc/NEWS.d/next/Documentation/2021-11-06-10-54-17.bpo-45392.JZnVOz.rst
new file mode 100644
index 00000000000000..09c16578ff4789
--- /dev/null
+++ b/Misc/NEWS.d/next/Documentation/2021-11-06-10-54-17.bpo-45392.JZnVOz.rst
@@ -0,0 +1,2 @@
+Update the docstring of the :class:`type` built-in to remove a redundant
+line and to mention keyword arguments for the constructor.
diff --git a/Objects/typeobject.c b/Objects/typeobject.c
index dc06cf0a0c11b5..02046e5f2ebefe 100644
--- a/Objects/typeobject.c
+++ b/Objects/typeobject.c
@@ -4221,10 +4221,8 @@ static PyMethodDef type_methods[] = {
 };
 
 PyDoc_STRVAR(type_doc,
-/* this text signature cannot be accurate yet.  will fix.  --larry */
-"type(object_or_name, bases, dict)\n"
 "type(object) -> the object's type\n"
-"type(name, bases, dict) -> a new type");
+"type(name, bases, dict, **kwds) -> a new type");
 
 static int
 type_traverse(PyTypeObject *type, visitproc visit, void *arg)