HR 5018 117th Congress House Economics and Public Finance 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

FAIR Scoring Act

Introduced: August 13, 2021 Introduced by: Khanna, Ro Democratic · California See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Aug 13, 2021

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.

Aug 13, 2021

Introduced in House

Plain-English summary Congressional Research Service

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.

What's happening now August 13, 2021

Committees of jurisdiction 3