S. 5420, titled the “Fiscal Analysis by Income and Race Scoring Act” or the “FAIR Act,” seeks to amend the Congressional Budget and Impoundment Control Act of 1974. The bill mandates a distribution analysis by income and race for any proposed law or resolution with a...
Simple Explanation
The FAIR Act is like a special rule that asks for a careful look at how some big money decisions by the government affect different people, like how much money they have by race or income. It’s like making sure everyone is treated fairly when new rules about money are made.