118th Congress Economics and Public Finance
S. 5420: FAIR Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
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Amendments
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Other bills by Elizabeth Warren
History
- Introduced in the Senate by Elizabeth Warren.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on the Budget.