To increase the rates of pay under the statutory pay systems and for prevailing rate employees by 3 percent, and for other purposes.

Federal Adjustment of Income Rates Act or the FAIR Act This bill increases by 3% the rates of basic pay for federal employees under the statutory pay systems (i.e., the General Schedule, the Foreign Service Schedule, and various schedules related to the Veterans Health Administration) for calendar year 2019. Additionally, it increases by 3% the rates of basic pay for prevailing rate employees for FY2019.