FAIR Act

Hozzl · 2024-12-30T13:23:15Z

Explore the details of House Bill 10289 FAIR Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

12/30/2024, 1:23 PM

Summary of Bill HR 10289

Bill 118 hr 10289, also known as the Distribution Analysis Act, aims to amend the Congressional Budget and Impoundment Control Act of 1974. The main purpose of this bill is to require a distribution analysis of a bill or resolution under certain circumstances. This means that before a bill or resolution can be passed, it must undergo an analysis to determine how it will impact different groups or demographics within the population.

The bill also includes provisions for other purposes, which could include additional requirements for transparency and accountability in the legislative process. This could potentially lead to a more informed decision-making process for lawmakers and the public.

Overall, the Distribution Analysis Act seeks to ensure that the potential impacts of legislation are thoroughly examined before being enacted, with the goal of promoting fairness and equity in the distribution of benefits and burdens among the American people.

Congressional Summary of HR 10289

Fiscal Analysis by Income and Race Scoring Act or the FAIR 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 within the budget window (usually 10 years).

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

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Current Status of Bill HR 10289

Bill HR 10289 is currently in the status of Bill Introduced since December 4, 2024. Bill HR 10289 was introduced during Congress 118 and was introduced to the House on December 4, 2024. Bill HR 10289's most recent activity was Referred to the Committee on the Budget, and in addition to the Committees on Rules, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of December 4, 2024

Bipartisan Support of Bill HR 10289

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Policy Area and Potential Impact of Bill HR 10289

Primary Policy Focus

Alternate Title(s) of Bill HR 10289

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.