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Fair Future Act

10/3/2024, 1:38 AM

Summary of Bill S 5111

The Fair Future Act, also known as Bill 118 s 5111, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to address income inequality and promote economic fairness for all Americans.

One of the key provisions of the Fair Future Act is the establishment of a minimum wage increase to $15 per hour. This increase is aimed at helping low-income workers earn a living wage and improve their financial stability. Additionally, the bill includes measures to strengthen workers' rights, such as paid sick leave and family leave, to ensure that employees are treated fairly and have access to necessary benefits.

The Fair Future Act also includes provisions to address wealth inequality, such as increasing taxes on the wealthiest Americans and closing tax loopholes that benefit the ultra-rich. These measures are intended to ensure that everyone pays their fair share and that the burden of taxation is distributed more equitably across income levels. Overall, the Fair Future Act is a comprehensive piece of legislation that seeks to promote economic fairness and reduce income inequality in the United States. It includes a range of measures aimed at improving the lives of working Americans and ensuring that everyone has the opportunity to succeed.

Current Status of Bill S 5111

Bill S 5111 is currently in the status of Bill Introduced since September 19, 2024. Bill S 5111 was introduced during Congress 118 and was introduced to the Senate on September 19, 2024.  Bill S 5111's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of September 19, 2024

Bipartisan Support of Bill S 5111

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 5111

Primary Policy Focus

Alternate Title(s) of Bill S 5111

Fair Future Act
Fair Future Act
A bill to amend the Fair Housing Act to repeal the Thurmond amendment.

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