,,ii #aag? ,,congress #a/ ,session ,s4 #bgbc ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,septemb] #ac1 #bjba ,ms4 ,w>r5 7= h]self & ,mr4 ,b5net7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ! ,budget ,a ,,bill ,to am5d ! ,congressional ,budget & ,imp\ndm5t ,control ,act ( #aigd by requir+ a di/ribution analysis ( a bill or resolution "u c]ta9 circum/ances1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,fiscal ,analysis by ,income & ,race ,scor+ ,act or ! ,,fair ,scor+ ,act4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,weal? inequality is /eadily ris+ 9 ! ,unit$ ,/ates4 ,z ! disp>ities betwe5 ! ri*e/ ,am]icans & ! poore/ ,am]icans wid51 ,:ite ,am]icans h gr[n disproportionately weal?i]1 :ile ! m$ian weal? ( ,black ,am]icans has /agnat$4 7#b7 ,9 #aifh1 & ) ! am\nts adju/$ = inflation1 ! m$ian middle-class ,black h\sehold _h #f1fgd 9 weal?1 :ile ! m$ian middle-class ,:ite h\sehold _h #gj1ghf 9 weal?4 ,9 #bjaf1 ! typical middle-class ,black h\sehold _h #ac1jbd 9 weal? comp>$ to #adi1gjc = ! m$ian ,:ite h\sehold4 7#c7 ,z ( #bjai1 ! typical ,:ite family has eight times ! weal? ( ! typical ,black family & five times ! weal? ( ! typical ,hispanic family4 7#d7 ,z ( #bjai1 ,:ite families h ! highe/ level ( bo? m$ian weal?3 #ahh1bjj4 ,black families' m$ian & mean weal? is less ?an #ae p]c5t t ( ,:ite families1 at #bd1ajj4 ,hispanic families' m$ian & mean weal? is #cf1ajj4 7#e7 ,z ( #bjai1 families :o are ,asian1 ,am]ican ,indian1 ,alaska ,native1 ,native ,hawaiian1 or ,pacific ,isl&] h l[] weal? ?an ,:ite families1 b high] weal? ?an ,black & ,hispanic families4 7#f7 ,! family income gap betwe5 ,black & ,:ite ,am]icans today rema9s at almo/ exactly ! level x 0 9 ! #aifjs4 7#g7 ,9 #bjaf1 ! m$ian annual income = ,asian ,am]ican adults 0 #ea1bhh1 comp>$ ) #dg1ieh = ,:ite ,am]icans1 #ca1jhb = ,african ,am]icans1 & #cj1djj = ,hispanic ,am]icans4 7#h7 ,z ( ! la/ qu>t] ( #bjai1 ! m$ian ,:ite work] made #bh p]c5t m ?an ! typical ,black work] & m ?an #ce p]c5t m ?an ! m$ian ,lat9x work]4 7#i7 ,on av]age1 wom5 are paid #hb c5ts = e doll> paid to m54 ,= e doll> paid to ,:ite m51 ,black wom5 are paid #fc c5ts1 ,native ,am]ican wom5 are paid #fj c5ts1 & ,lat9as are paid #ee c5ts4 7#aj7 ,asian ,am]ican & ,pacific ,isl&] 7,,aapi7 wom5 make #he c5ts = e doll> paid to ,:ite m51 & diff]5t gr\ps )9 ,am]ica's ,,aapi community h unique exp]i5ces ) economic discrim9ation4 ,= example1 betwe5 #bjae & #bjai1 ,hmong wom5 e>n$ #fj c5ts = e doll> paid to ,:ite m54 7#aa7 ,disp>ities 9 weal? betwe5 g5d]s are ev5 m />k4 ,z ( #bjac1 ! av]age weal? = work+ s+le wom5 0 #c1baj1 :]eas ! s+le work+ man _h a m$ian weal? ( #aj1aej4 ,s+le ,black wom5 _h a m$ian weal? ( #bjj1 & s+le ,hispanic wom5 _h a m$ian weal? ( #ajj3 less ?an a p5ny = e doll> ( weal? own$ by s+le ,:ite non-,hispanic m54 7#ab7 ,! ,,covid-#ai p&emic has exac]bat$ exi/+ inequalities 9 ,am]ica4 ,_m long/&+ economic conditions1 su* z l[] levels ( income & weal? & high] levels ( h\s+ & food insecurity1 leave individuals ( color1 p>ticul>ly wom5 ( color & ,black wom51 ) less cu%ion1 mak+ !m m vuln]able dur+ ! ,,covid-#ai economic crisis4 7#ac7 ,in=m$ & well-design$ policies are ne$$ to curb ! gr[+ inequality betwe5 ,am]icans ( diff]5t races & income levels4 ,9 ord] to meet ?is ne$1 ,congress ne$s access to /&>diz$1 reliable in=mation ab\t ! socioeconomic consequ5ces ( ! legislation x enacts4 #c4 ,di/ribution analysis by income & race 7a7 ,,cbo e/imates ,section #djb ( ! ,congressional ,budget & ,imp\ndm5t ,control ,act ( #aigd 7#b ,u4,s4,c4 #fec7 is am5d$-- 7#a7 9 p>agraph 7#b71 by /rik+ & at ! end2 7#b7 9 p>agraph 7#c71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 7#c7 by add+ aft] p>agraph 7#c7 ! foll[+3 7#d7 = a bill or jo9t resolution t has a gross budget>y effect ( at lea/ #j4a p]c5t ( ! gross dome/ic product ( ! ,unit$ ,/ates 9 any fiscal ye> )9 ! budget w9d[-- 7,a7 a di/ribution analysis by income %[+ ! transf]s t w\ld result 9 doll>s & z a p]c5t *ange 9 aft]-tax-&-transf] income = z _m ye>s 9 ! budget z is necess>y to illu/rate ! anticipat$ effects2 & 7,b7 a di/ribution analysis by race %[+ ! transf]s t w\ld result 9 doll>s & z a p]c5t *ange 9 aft]-tax-&-transf] income = z _m ye>s 9 ! budget z is necess>y to illu/rate ! anticipat$ effects4 2 & 7#d7 9 ! text foll[+ p>agraph 7#d7 7z add$ by p>agraph 7#c7 ( ?is subsection7 by /rik+ & description & ins]t+ description1 & analyses4 7b7 ,,jct e/imates ,section #bja7;f7 ( ! ,congressional ,budget & ,imp\ndm5t ,control ,act ( #aigd 7#b ,u4,s4,c4 #fja7;f77 is am5d$ to read z foll[s3 7f7 ,rev5ue legislation ,= ! purposes ( rev5ue legislation :i* is income1 e/ate & gift1 excise1 & payroll taxes 7i4e41 ,social ,security71 consid]$ or enact$ 9 any session ( ,congress1 ! ,congressional ,budget ,(fice %all use exclusively dur+ t session ( ,congress rev5ue e/imates & di/ribution analyses provid$ to x by ! ,jo9t ,committee on ,taxation4 ,dur+ t session ( ,congress su* rev5ue e/imates & di/ribution analyses %all be transmitt$ by ! ,congressional ,budget ,(fice to any committee ( ! ,h\se ( ,repres5tatives or ! ,s5ate reque/+ su* e/imates1 & %all be us$ by su* ,committees 9 det]m9+ su* e/imates4 ,! ,budget ,committees ( ! ,s5ate & ,h\se %all det]m9e all e/imates ) respect to scor+ po9ts ( ord] & ) respect to ! execution ( ! purposes ( ?is ,act4 4 #d4 ,report on di/ribution analysis by g5d] ,n lat] ?an #a ye> aft] ! date ( enactm5t ( ?is ,act1 ! ,director ( ! ,congressional ,budget ,(fice %all-- 7#a7 prep>e a report describ+ me?ods appropriate = ! conduct ( di/ribution analyses by g5d] = major legislation1 includ+ /r5g?s & weaknesses ( diff]5t approa*es2 & 7#b7 submit su* report to ! *airs & rank+ memb]s ( ! ,committee on ,f9ance ( ! ,s5ate & ! ,committee on ,ways & ,means ( ! ,h\se ( ,repres5tatives4