Title: Measuring Real Income Growth Act of 2021
Policy area: Commerce

Summary:
Measuring Real Income Growth Act of 2021
This bill requires the Bureau of Economic Analysis of the Department of Commerce to include in each of its gross domestic product analyses a recent estimate of the total amount added to the U.S. economy during the period covered by the recent estimate. The estimate must also disaggregate this amount by each of the 10 deciles of income and the highest 1% of income.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1756 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 1756

    To require the Bureau of Economic Analysis of the Department of 
Commerce to provide estimates relating to the distribution of aggregate 
      economic growth across specific percentile groups of income.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 10, 2021

    Mrs. Carolyn B. Maloney of New York (for herself and Mr. Beyer) 
 introduced the following bill; which was referred to the Committee on 
                          Oversight and Reform

_______________________________________________________________________

                                 A BILL


 
    To require the Bureau of Economic Analysis of the Department of 
Commerce to provide estimates relating to the distribution of aggregate 
      economic growth across specific percentile groups of income.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Measuring Real Income Growth Act of 
2021''.

SEC. 2. ESTIMATES OF AGGREGATE ECONOMIC GROWTH ACROSS INCOME GROUPS.

    (a) Definitions.--In this section:
            (1) Bureau.--The term ``Bureau'' means the Bureau of 
        Economic Analysis of the Department of Commerce.
            (2) Gross domestic product analysis.--The term ``gross 
        domestic product analysis''--
                    (A) means a quarterly or annual analysis conducted 
                by the Bureau with respect to the gross domestic 
                product of the United States; and
                    (B) includes a revision prepared by the Bureau of 
                an analysis described in subparagraph (A).
            (3) Recent estimate.--The term ``recent estimate'' means 
        the most recent estimate described in subsection (b) that is 
        available on the date on which the gross domestic product 
        analysis with which the estimate is to be included is 
        conducted.
    (b) Inclusion in Reports.--Not later than 1 year after the date of 
the enactment of this Act, in each gross domestic product analysis 
conducted by the Bureau, the Bureau shall include a recent estimate of, 
with respect to specific percentile groups of income, the total amount 
that was added to the economy of the United States during the period to 
which the recent estimate pertains, including in--
            (1) each of the 10 deciles of income; and
            (2) the highest 1 percent of income.
    (c) Authorization of Appropriations.--There are authorized to be 
appropriated to the Secretary of Commerce such sums as are necessary to 
carry out this section.
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