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Income and Race Impact Analysis for Legislation: Enhanced Budget Transparency

This act aims to increase transparency in the legislative process by requiring the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT) to analyze how new laws will affect the incomes of various social and racial groups. This will give citizens better insight into the potential financial and social consequences of proposed changes, allowing them to assess whether legislation is fair and beneficial for everyone.
Key points
Mandates financial impact analysis of legislation on different income and racial groups, increasing public awareness.
Ensures citizens have access to detailed data on how legal changes might affect their finances and daily lives.
Requires a report on methods for analyzing the impact of legislation on different genders, potentially leading to future analyses.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_2723
Sponsor: Sen. Warren, Elizabeth [D-MA]
Process start date: 2021-09-13
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

FAIR Scoring Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2723.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-09-13.

What are the main provisions?

Key points include:

  • Mandates financial impact analysis of legislation on different income and racial groups, increasing public awareness.
  • Ensures citizens have access to detailed data on how legal changes might affect their finances and daily lives.
  • Requires a report on methods for analyzing the impact of legislation on different genders, potentially leading to future analyses.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Warren, Elizabeth [D-MA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy Taxes