FAIR Scoring Act

The Fiscal Analysis by Income and Race (FAIR) Scoring Act would require the Congressional Budget Office (CBO) to provide more detailed reports on how major proposed laws affect different groups of Americans. Specifically, for any bill that has a significant impact on the national economy, the CBO would have to analyze how the changes would affect people based on their income levels and racial backgrounds. This information would be presented in dollar amounts and as a percentage of a household's take-home income, providing citizens and lawmakers with a clearer picture of which communities might gain or lose financial resources under new legislation. Additionally, the bill directs the CBO to develop methods for including gender-based data in these future economic analyses.