,,ii #aaf? ,,congress #a/ ,session ,s4 #cajb ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,decemb] #ah1 #bjai,mr4 ,s*um] 7= himself1 ,mr4 ,he9ri*1 ,mr4 ,udall1 ,mr4 ,pet]s1 ,ms4 ,smi?1 ,mr4 ,c>d91 ,ms4 ,hassan1 ,ms4 ,klobu*>1 ,mr4 ,van ,holl51 ,mr4 ,durb91 ,ms4 ,w>r51 ,mr4 ,blum5?al1 ,ms4 ,hirono1 ,mr4 ,wyd51 ,mr4 ,book]1 ,mr4 ,s&]s1 ,mr4 ,br[n1 ,mr4 ,b5net1 ,mr4 ,re$1 ,mr4 ,w>n]1 ,ms4 ,baldw91 ,mr4 ,casey1 & ,mr4 ,m>key7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,comm]ce1 ,sci5ce1 & ,transportation ,a ,,bill ,to require ! ,bureau ( ,economic ,analysis ( ! ,dep>tm5t ( ,comm]ce to provide e/imates relat+ to ! di/ribution ( aggregate economic gr[? across specific p]c5tile gr\ps ( income4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,measur+ ,real ,income ,gr[? ,act ( #bjai4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,economic inequality 9 ! ,unit$ ,/ates has increas$ dramatically dur+ ! #d decades prec$+ ! date ( enactm5t ( ?is ,act1 ) few] h\seholds tak+ home a l>g] %>e ( ! national income4 7#b7 ,:ile gr[? 0 once di/ribut$ relatively ev5ly across all individuals 9 ! ,unit$ ,/ates1 rese>* %[s t economic ga9s are increas+ly enjoy$ by ! mo/ afflu5t4 ,by contra/1 ! majority ( individuals 9 ! ,unit$ ,/ates h se5 income & wage gr[? significantly bel[ :at is sugge/$ by national measures ( output & income4 7#c7 ,! ,bureau ( ,economic ,analysis ( ! ,dep>tm5t ( ,comm]ce 7ref]r$ to 9 ?is section z ,,bea7 reports annual & qu>t]ly e/imates ( gross dome/ic product 7ref]r$ to 9 ?is section z ,,gdp7 9 ! ,unit$ ,/ates4 ,^! e/imates are important measures ( ! ov]all size & heal? ( ! economy ( ! ,unit$ ,/ates b d n describe h[ economic ga9s are di/ribut$ across ! population ( ! ,unit$ ,/ates4 7#d7 ,9 a c\ntry ( #cbe1jjj1jjj individuals1 top-l9e ,,gdp numb]s d n capture ! full range ( h\sehold economic exp]i5ces & may be mislead+4 ,= example1 ! real ,,gdp grew m ?an #c p]c5t annually betwe5 #bjjc & #bjje1 b ! av]age income = #a_/b ( all individuals 9 ! ,unit$ ,/ates fell dur+ t p]iod4 7#e7 ,disaggregat+ economic gr[? by income gr\ps w provide a m complete picture ( h[ families 9 ! ,unit$ ,/ates are f>+ across all rungs ( ! economic ladd] & :e!r economic gr[? is b5efitt+ all individuals 9 ! ,unit$ ,/ates4 7#f7 ,rec5t academic e/imates ( di/ributional gr[? %[ h[ mu* ( ! economic ga9s dur+ ! #dj ye>s prec$+ ! date ( enactm5t ( ?is ,act h accru$ to ! top ( ! income di/ribution4 ,betwe5 #aihj & #bjad1 ! av]age income ( ! top #a p]c5t ( ! income di/ribution grew #e times z mu* z ! av]age income ( ! bottom #ij p]c5t ( ! income di/ribution & m ?an #i times z mu* z ! av]age income ( ! bottom #a_/b4 7#g7 ,(ficial & timely e/imates ( di/ributional gr[? f ,,bea1 report$ alongside top-l9e ,,gdp numb]s1 w\ld enable ,congress to bett] evaluate economic policies t impact e individual 9 ! ,unit$ ,/ates4 7#h7 ,ef=ts to address sl[ wage gr[?1 /agnant incomes1 & gr[+ economic inequality require broad5+ ! focus beyond ,,gdp & obta9+ metrics t bett] correspond to ! exp]i5ces ( all families 9 ! ,unit$ ,/ates4 #c4 ,e/imates ( aggregate economic gr[? across income gr\ps 7a7 ,def9itions ,9 ?is section3 7#a7 ,bureau ,! t]m ,bureau means ! ,bureau ( ,economic ,analysis ( ! ,dep>tm5t ( ,comm]ce4 7#b7 ,gross dome/ic product analysis ,! t]m gross dome/ic product analysis-- 7,a7 means a qu>t]ly or annual analysis conduct$ by ! ,bureau ) respect to ! gross dome/ic product ( ! ,unit$ ,/ates2 & 7,b7 includes a revision prep>$ by ! ,bureau ( an analysis describ$ 9 subp>agraph 7,a74 7b7 ,inclusion 9 reports 7#a7 ,9 g5]al ,) respect to ea* gross dome/ic product analysis t is conduct$ on or aft] ! date t is #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,bureau %all include 9 ! gross dome/ic product analysis a rec5t e/imate (1 ) respect to specific p]c5tile gr\ps ( income1 ! total am\nt t 0 add$ to ! economy ( ! ,unit$ ,/ates dur+ ! p]iod to :i* ! gross dome/ic product analysis p]ta9s1 includ+ 9-- 7,a7 ea* ( ! #aj deciles ( income2 & 7,b7 ! highe/ #a p]c5t ( income4 7#b7 ,rec5t e/imates ,) respect to ea* rec5t e/imate t1 "u p>agraph 7#a71 ! ,bureau is requir$ to include 9 a gross dome/ic product analysis1 t e/imate %all be ! mo/ rec5t e/imate t is available on ! date on :i* t gross dome/ic product analysis is conduct$4 7#c7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ to ! ,secret>y ( ,comm]ce su* sums z are necess>y to c>ry out ?is subsection4 7c7 ,au?ority ,to %>e in=mation ) ,,bea 7#a7 ,9 g5]al ,subp>agraph 7,b7 ( section #fajc7;j77#a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ su* return in=mation reflect$ on returns ( corporations & ins]t+ su* returns1 or return in=mation reflect$ !reon14 7#b7 ,application ( sub*apt] ,,iii ( *apt] #ce ( title #dd ,! provisions ( sub*apt] ,,iii ( *apt] #ce ( title #dd1 ,unit$ ,/ates ,code1 relat+ to ! confid5tiality & disclosure ( in=mation %all apply to any return or return in=mation acquir$ by ! ,bureau "u section #fajc7;j77#a77;,b7 ( ! ,int]nal ,rev5ue ,code1 z am5d$ by p>agraph 7#a74