,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ecfj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #i1          
#bjai,mrs4 ,beatty introduc$ ! foll[+   
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,a ,,bill  ,to      
require ! ,bo>d ( ,gov]nors ( ! ,f$]al  
,res]ve ,sy/em to collect m data on race
 & weal?1 & = o!r purposes4  #a4 ,%ort  
title ,?is ,act may be cit$ z ! ,clos+ !
 ,racial ,weal? ,gap ,act ( #bjai4  #b4 
,f9d+s ,congress f9ds t3  7#a7 ,betwe5  
#aihc & #bjaf1 ! m$ian ,black family saw
 _! weal? drop by m ?an half aft] adju/+
 = inflation1 comp>$ to a #cc p]c5t     
increase = ! m$ian ,:ite h\sehold4  7#b7
 ,! ,=bes #djj ri*e/ ,am]icans own m    
weal? ?an all ,black h\seholds plus a   
qu>t] ( ,lat9x h\seholds4  7#c7 ,black  
families are ab\t #bj times m likely to 
h z]o or negative weal? 7#cg p]c5t7 ?an 
!y are to h #a million or m 9 assets    
7#a4i p]c5t74  7#d7 ,lat9x families are 
#ad times m likely to h z]o or negative 
weal? 7#cb4h p]c5t7 ?an !y are to rea* !

 millionaire ?re%old 7#b4c p]c5t74  7#e7
 ,:ite families are equally likely to h 
z]o or negative weal? 7ab\t #ae p]c5t7 z
 !y are to be a millionaire 7#ae p]c5t74
  7#f7 ,! rate ( home own]%ip = ,black  
families is ! same today 9 #bjai z x 0  
be=e passage ( ! ,fair ,h\s+ ,act (     
#aifh4  7#g7 ,! racial weal? gap is n an
 accid5t or ! result ( inadvisable      
f9ancial *oices by p ( color1 r x is !  
result ( ! c5turies ( policies1         
programs1 ,supreme ,c\rt decisions &    
in/itutional practices t 7 design$ to   
create b>ri]s or to /rip weal? f p (    
color4  7#h7 ,adju/m5ts to ,black &     
,lat9x education rates1 home[n]%ip1     
sav+s & employm5t d n greatly r$uce !   
racial weal? divide due to ! /ructural  
und]p9n+s hold+ ! racial weal? divide 9 
place4  7#i7 ,to und]/& & address !     
racial weal? gap1 _m exp]ts believe we  
ne$ f$]ally fund$ data collection ef=ts 
) ! ability to disaggregate sample sizes
 by race1 e?nicity1 tribal affiliation1 
& c\ntry ( bir?4  7#aj7 ,analytical     

tools l ! ,racial ,weal? ,audit f !     
,in/itute on ,assets & ,social ,policy  
7,,iasp7 & ! ,racial ,equity ,toolkit f 
! ,gov]nm5t ,alliance on ,racial ,equity
 7,,g>e7 are ne$$ to provide a framework
 to assess h[ legislation w wid5 or n>r[
 ! racial weal? divide4  7#aa7 ,*anges 9
 individual behavior w n close ! racial 
weal? divide1 only /ructural sy/emic    
policy *ange4  #c4 ,data collection on  
race & weal? ,section #aj ( ! ,f$]al    
,res]ve ,act 7#ab ,u4,s4,c4 #bda et     
seq47 is am5d$ by ins]t+ be=e p>agraph  
7#ab7 ! foll[+3  7#aa7 ,data collection 
on race & weal? ,! ,bo>d ( ,gov]nors ( !
 ,f$]al ,res]ve ,sy/em %all1 9 c>ry+ out
 any ,survey ( ,consum] ,f9ances or     
,survey ( ,h\sehold ,economics &        
,decisionmak+1 includ+ ! collection (   
localiz$ data1 collect in=mation on     
h\sehold assets & debt disaggregat$ by  
respond5t race1 e?nicity1 tribal        
affiliation1 & ance/ral orig94  4