[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 124 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
                                 S. 124

 To increase the rates of pay under the statutory pay systems and for 
   prevailing rate employees by 8.7 percent, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 26, 2023

  Mr. Schatz (for himself, Ms. Baldwin, Mr. Padilla, Ms. Warren, Mr. 
Fetterman, Mr. Sanders, Mr. Kaine, Mr. Blumenthal, Mr. Van Hollen, Mr. 
Cardin, Mr. Casey, Mr. Whitehouse, Mr. Brown, Mr. Lujan, Mr. Heinrich, 
and Mr. Warner) 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 8.7 percent, and for other purposes.

    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 ``Federal Adjustment of Income Rates 
Act'' or the ``FAIR Act''.

SEC. 2. ADJUSTMENT TO RATES OF PAY.

    (a) Statutory Pay Systems.--For calendar year 2024, 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 4.7 percent.
    (b) Prevailing Rate Employees.--Notwithstanding the wage survey 
requirements under section 5343(b) of title 5, United States Code, for 
fiscal year 2024, the rates of basic pay (as in effect on the last day 
of fiscal year 2023 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 4.7 percent.

SEC. 3. ADJUSTMENT TO LOCALITY PAY.

    For calendar year 2024, the percentage adjustment under section 
5304 of title 5, United States Code, shall be an increase of 4.0 
percent.
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