H.R. 298 · 116th Congress
Balanced Budget Accountability Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
GianforteSponsorNo cosponsors.
This bill requires the Office of Management and Budget (OMB), upon adoption by a chamber of Congress of a concurrent budget resolution for a fiscal year, to certify to the Speaker of the House of Representatives or the President pro tempore of the Senate whether that chamber has adopted a balanced budget.
What it does: CRS summary · Introduced in House · Jan 8, 2019
Balanced Budget Accountability Act
This bill requires the Office of Management and Budget (OMB), upon adoption by a chamber of Congress of a concurrent budget resolution for a fiscal year, to certify to the Speaker of the House of Representatives or the President pro tempore of the Senate whether that chamber has adopted a balanced budget.
Balanced budget means a concurrent budget resolution providing that for FY2027 and each succeeding fiscal year to which the resolution applies total outlays do not exceed total receipts and are not more than 18% of the gross domestic product for such fiscal year.
The bill requires the salary of Members of Congress to be held in escrow if OMB determines a chamber has not adopted a balanced budget for FY2020 before April 16, 2019, and for FY2021 before April 16, 2020. The bill also provides for the release of such funds to the Members.
Beginning in FY2022, if OMB does not certify that a chamber has adopted a balanced budget before April 16 of the prior fiscal year, each Member of that chamber shall be paid $1 annually for pay periods beginning on April 16 of the prior fiscal year and ending on the earlier of
- the date on which OMB certifies that the chamber has adopted a balanced budget for such fiscal year, or
- the last day of the calendar year in which such period begins.
This bill requires legislation in either chamber 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 (Jan 8, 2019): Referred to the Committee on House Administration, and in addition to the Committees on Oversight and 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: Congress · Origin: House · Introduced: Jan 8, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.