Fairness, Accuracy, Inclusivity, and Responsiveness in Ratings Act of 2005 or FAIR Ratings Act - Prohibits a person from selling, offering to sell, or otherwise providing data from a television ratings measurement system (system) that produces data to be used commercially as currency ratings unless that system is accredited by the Media Ratings Council. Requires such Council to: (1) accredit such systems on the basis of audits; and (2) preapprove any change made to a current system. Provides accreditation standards.
Requires any dispute between an operator of a system and the Council to be resolved through dispute resolution procedures.