United States · Bill · S
S. 5420 (118th)
FAIR Act
Introduced
4 December 2024
Last action
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Status
Read twice and referred to the Committee on the Budget.
Sponsors
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Subjects
Discovery layer
Source updated
5 December 2025
Summary
Fiscal Analysis by Income and Race Scoring Act or the FAIR 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 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.
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 4 December 2024
Introduced in Senate (PDF)
Introduced in Senate · EN · 4 December 2024
Introduced in Senate
summary · EN · 4 December 2024
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/118th-congress/senate-bill/5420
- Open data entity: https://api.congress.gov/v3/bill/118/s/5420