S 2723
117th Congress
Senate
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: September 13, 2021
Introduced by:
Warren, Elizabeth
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 13, 2021
Read twice and referred to the Committee on the Budget.
Sep 13, 2021
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on the Budget.
Committees of jurisdiction
1
Cosponsors
1