Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
The REPORTS Act requires federal agencies to analyze how their major regulations affect people living in poverty and racial inequity whenever they propose new rules. Additionally, the Government Accountability Office must publish annual reports over the next ten years examining between two and five major government programs or policies each year to assess their impact on poverty and racial inequality. The analyses may also include examination of effects on the racial wealth gap at the discretion of the relevant agency or the Comptroller General. The bill does not specify dedicated funding or allocate new resources, instead requiring these analyses to be conducted as part of existing agency and GAO operations. This legislation would apply across all federal agencies and affect anyone subject to new federal regulations, particularly lower-income populations and communities experiencing racial economic disparities.
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