Legislation Search

H.R. 493: Federal Adjustment of Income Rates Act

This bill, known as the Federal Adjustment of Income Rates Act (FAIR Act), aims to increase pay rates for federal employees. Here are the key components of the bill:

Adjustment to Rates of Pay

Statutory Pay Systems: For the year 2026, the basic pay rates for federal employees under statutory pay systems will be adjusted by 3.3%.
Prevailing Rate Employees: The bill also specifies that for fiscal year 2026, the pay rates for prevailing rate employees—those who are paid based on market rates in a given geographic area—will see a similar increase of 3.3%. This adjustment takes place regardless of standard wage survey requirements.

Adjustment to Locality Pay

The bill proposes that locality pay, which is additional compensation based on the cost of living in different areas, will be increased by 1% for calendar year 2026.

The overall goal of this legislation is to ensure that federal employees receive a fair adjustment in their pay to keep up with economic conditions and cost-of-living changes.

Relevant Companies

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This is an AI-generated summary of the bill text. There may be mistakes.

Actions

3 actions

Date	Action
Sep. 16, 2025	ASSUMING FIRST SPONSORSHIP - Mr. Walkinshaw asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 493, a bill originally introduced by Representative Connolly, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
Jan. 16, 2025	Introduced in House
Jan. 16, 2025	Referred to the House Committee on Oversight and Government Reform.

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