FAIR Scoring Act

12/31/2022, 5:35 AM

Fiscal Analysis by Income and Race Scoring Act or the FAIR Scoring Act

This bill requires the Congressional Budget Office's (CBO's) cost estimates for legislation to include a distributional analysis by race and income if the legislation will have a gross budgetary effect of at least 0.1% of gross domestic product in any fiscal year during the 10-year budget window.

CBO's analysis must show the transfers that would result by race and income level, and the effects must be shown both in dollars and as a percent change in after-tax-and-transfer-income.

The bill also requires CBO to report to Congress on methods for conducting such a distributional analysis by gender.

Congress
117

Number
S - 2723

Introduced on
2021-09-13

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

9/13/2021

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Fiscal Analysis by Income and Race Scoring Act or the FAIR Scoring Act

This bill requires the Congressional Budget Office's (CBO's) cost estimates for legislation to include a distributional analysis by race and income if the legislation will have a gross budgetary effect of at least 0.1% of gross domestic product in any fiscal year during the 10-year budget window.

CBO's analysis must show the transfers that would result by race and income level, and the effects must be shown both in dollars and as a percent change in after-tax-and-transfer-income.

The bill also requires CBO to report to Congress on methods for conducting such a distributional analysis by gender.

Alternative Names
Official Title as IntroducedA bill to amend the Congressional Budget and Impoundment Control Act of 1974 by requiring a distribution analysis of a bill or resolution under certain circumstances, and for other purposes.

Policy Areas
Economics and Public Finance

Potential Impact
Budget process
Congressional oversight
Economic performance and conditions
Employment taxes
Income tax rates
Legislative rules and procedure
Racial and ethnic relations
Sales and excise taxes
Sex, gender, sexual orientation discrimination
Transfer and inheritance taxes

Comments

Recent Activity

Latest Summary9/15/2022

Fiscal Analysis by Income and Race Scoring Act or the FAIR Scoring Act

This bill requires the Congressional Budget Office's (CBO's) cost estimates for legislation to include a distributional analysis by race and income if ...


Latest Action9/13/2021
Read twice and referred to the Committee on the Budget.