We propose FSPO (Fair Sequence Policy Optimization), a sequence-level reinforcement learning method for LLMs that enforces length-fair clipping directly in the importance-sampling (IS) weight space. We revisit sequence-level RL methods and identify a mismatch when PPO/GRPO-style clipping is transplanted to sequences: a fixed clip range systematically reweights short vs. long responses, distorting the effective objective. Theoretically, we formalize length fairness via a Length Reweighting Error (LRE) and prove that small LRE yields a directional cosine guarantee between the clipped and true updates. FSPO introduces a simple, Gaussian-motivated remedy: we clip the sequence log-IS ratio with a band that applies a KL-corrected drift term and scales as $\sqrt{L}$. Empirically, FSPO flattens clip rates across length bins, stabilizes training, and outperforms all baselines across multiple evaluation datasets.