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.
Budget processCongressional oversightEconomic performance and conditionsEmployment taxesIncome tax ratesLegislative rules and procedureRacial and ethnic relationsSales and excise taxesSex, gender, sexual orientation discriminationTransfer and inheritance taxes
FAIR Scoring Act
USA117th CongressS-2723| Senate
| Updated: 9/13/2021
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.
Budget processCongressional oversightEconomic performance and conditionsEmployment taxesIncome tax ratesLegislative rules and procedureRacial and ethnic relationsSales and excise taxesSex, gender, sexual orientation discriminationTransfer and inheritance taxes