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FAIR Scoring Act
12/31/2022, 5:35 AM
Congressional Summary of S 2723
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.
Read the Full Bill
Current Status of Bill S 2723
Bill S 2723 is currently in the status of Bill Introduced since September 13, 2021. Bill S 2723 was introduced during Congress 117 and was introduced to the Senate on September 13, 2021. Bill S 2723's most recent activity was Read twice and referred to the Committee on the Budget. as of September 13, 2021
Bipartisan Support of Bill S 2723
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
2Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 2723
Primary Policy Focus
Economics and Public FinancePotential Impact Areas
- 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
Alternate Title(s) of Bill S 2723
A 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.
FAIR Scoring Act
FAIR Scoring Act
Fiscal Analysis by Income and Race Scoring Act
Comments
Sponsors and Cosponsors of S 2723
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