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FAIR Scoring Act

USA117th CongressS-2723| Senate 
| Updated: 9/13/2021
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (2)
Robert P. Casey (Democratic)Michael F. Bennet (Democratic)

Budget Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Aug 13, 2021

Latest Companion Bill Action

HR 117-5018
Introduced in House
Sep 13, 2021
Introduced in Senate
Sep 13, 2021
Read twice and referred to the Committee on the Budget.
  • August 13, 2021

    Latest Companion Bill Action

    HR 117-5018
    Introduced in House


  • September 13, 2021
    Introduced in Senate


  • September 13, 2021
    Read twice and referred to the Committee on the Budget.

Economics and Public Finance

Related Bills

  • HR 117-5018: FAIR Scoring Act
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Aug 13, 2021

Latest Companion Bill Action

HR 117-5018
Introduced in House
Sep 13, 2021
Introduced in Senate
Sep 13, 2021
Read twice and referred to the Committee on the Budget.
  • August 13, 2021

    Latest Companion Bill Action

    HR 117-5018
    Introduced in House


  • September 13, 2021
    Introduced in Senate


  • September 13, 2021
    Read twice and referred to the Committee on the Budget.
Elizabeth Warren

Elizabeth Warren

Democratic Senator

Massachusetts

Cosponsors (2)
Robert P. Casey (Democratic)Michael F. Bennet (Democratic)

Budget Committee

Economics and Public Finance

Related Bills

  • HR 117-5018: FAIR Scoring Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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