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S.126 · 119TH CONGRESS

FAIR Act

Status
In Committee
Latest Action
2025-01-16
Sponsor
Schatz, Brian (D-Hawaii)
Official Source
Investability
29/100
Stage
COMMITTEE
Related Bills
2
Full Text
1,743 chars
Alive
Yes

What This Bill Does · Plain English

Summary · Congress.gov
Federal Adjustment of Income Rates Act or the FAIR Act This bill modifies pay rates for federal employees in 2026. Specifically, the bill increases rates under the statutory pay systems and for prevailing rate employees by 3.3% and increases locality pay by 1%.

Action Timeline

2025-01-16
Introduced in Senate
2025-01-16
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Frequently Asked Questions

Did S.126 pass?
S.126 is still alive. Current stage: COMMITTEE. Pass likelihood: 29%.
What does S.126 do?
Federal Adjustment of Income Rates Act or the FAIR Act This bill modifies pay rates for federal employees in 2026. Specifically, the bill increases rates under the statutory pay systems and for prevailing rate employees by 3.3% and increases locality pay by 1%.
Who sponsored S.126?
S.126 was sponsored by Brian Schatz (D-Hawaii).

Full Bill Text

119 S126 IS: Federal Adjustment of Income Rates Act U.S. Senate 2025-01-16 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. II 119th CONGRESS 1st Session S. 126 IN THE SENATE OF THE UNITED STATES January 16, 2025 Mr. Schatz (for himself, Mr. Blumenthal , Mr. Padilla , Ms. Hirono , Mr. Schiff , Mr. Sanders , Mr. Markey , Mr. Kaine , Ms. Warren , Mr. Van Hollen , Mr. Heinrich , and Mr. Wyden ) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs A BILL To increase the rates of pay under the statutory pay systems and for prevailing rate employees by 4.3 percent, and for other purposes. 1. Short title This Act may be cited as the Federal Adjustment of Income Rates Act or the FAIR Act . 2. Adjustment to rates of pay (a) Statutory pay systems For calendar year 2026, the percentage adjustment under section 5303 of title 5, United States Code, in the rates of basic pay under the statutory pay systems (as defined in section 5302 of title 5, United States Code) shall be 3.3 percent. (b) Prevailing rate employees Notwithstanding the wage survey requirements under section 5343(b) of title 5, United States Code, for fiscal year 2026, the rates of basic pay (as in effect on the last day of fiscal year 2025 under section 5343(a) of such title) for prevailing rate employees in each wage area and the rates of basic pay under sections 5348 and 5349 of such title shall be increased by 3.3 percent. 3. Adjustment to locality pay For calendar year 2026, the percentage adjustment under section 5304 of title 5, United States Code, shall be an increase of 1 percent.
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Bill text sourced from GovInfo.gov · public domain · last updated 2026-10-12. Plain-English summary, score breakdown, and trading-intelligence panels are GovGreed-original analysis derived from STOCK Act filings, SEC Form 4 disclosures, FEC contributions, and Senate LDA lobbying reports — all publicly filed federal records. GovGreed is not affiliated with the U.S. Government. Not financial advice. [live render]