H.R. 948 · 114th Congress
Balanced Budget Accountability Act
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
MesserSponsor2 cosponsors · 2 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Requires each house of Congress to adopt a concurrent budget resolution for a fiscal year which provides that, for each fiscal year for which a budget is provided under the resolution (beginning by FY2025), total outlays do not exceed total receipts and are not more than 18% of the gross domestic product for such fiscal year.
What it does: CRS summary · Introduced in House · Feb 12, 2015
Balanced Budget Accountability Act
Requires each house of Congress to adopt a concurrent budget resolution for a fiscal year which provides that, for each fiscal year for which a budget is provided under the resolution (beginning by FY2025), total outlays do not exceed total receipts and are not more than 18% of the gross domestic product for such fiscal year.
Requires the Director of the Congressional Budget Office (CBO), upon the adoption by a chamber of a concurrent budget resolution for a fiscal year, to transmit to the Speaker of the House of Representatives or the President pro Tempore of the Senate (as the case may be) a certification as to whether or not that chamber has met the requirements of this Act with respect to the resolution.
Requires the appropriate payroll administrator of each chamber to deposit in an escrow account all mandatory payments for compensation of Members of Congress serving in that chamber if CBO does not certify that it has adopted a concurrent budget resolution for FY2016 before April 16, 2015.
Requires deposits to begin on such date and to be released to appropriate Members on the earlier of:
- the day on which CBO certifies that the chamber has met the requirements of this Act with respect to FY2016, or
- the last day of the 114th Congress.
Sets forth the same requirements for FY2017 if CBO does not certify that a chamber has adopted a concurrent budget resolution for FY2017 before April 16, 2016.
Requires legislation in the House and Senate that increases revenue to be agreed upon only by an affirmative vote of three-fifths of the Members of that chamber.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Balanced Budget Accountability Act
Latest action (Feb 12, 2015): Referred to the Committee on House Administration, and in addition to the Committees on the Budget, Oversight and Government Reform, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Policy area: Economics and Public Finance · Origin: House · Introduced: Feb 12, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.