REPORTS Act

The REPORTS Act requires federal agencies to analyze how new significant regulations affect people living near or below the poverty line and racial inequity when proposing rules. It also mandates annual reports from the Government Accountability Office (GAO) examining government programs' impacts on poverty and racial inequity over the past five years. Agencies must include these analyses with proposed rules, and GAO reports must cover two to five programs annually. The law applies to major federal regulations and programs, focusing on transparency about equity impacts without altering policy outcomes.