S. 45 · 119th Congress
Balanced Budget Accountability Act
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R
DainesSponsor1 cosponsor · 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill withholds Members of Congress's salaries in each chamber if the Office of Management and Budget (OMB) does not certify that the chamber has adopted a balanced budget. The bill also requires that revenue increases be agreed upon by an affirmative three-fifths vote in each chamber.
What it does: CRS summary · Introduced in Senate · Jan 9, 2025
Balanced Budget Accountability Act
This bill withholds Members of Congress's salaries in each chamber if the Office of Management and Budget (OMB) does not certify that the chamber has adopted a balanced budget. The bill also requires that revenue increases be agreed upon by an affirmative three-fifths vote in each chamber.
Balanced budget means a concurrent budget resolution providing that for FY2035 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 projected gross domestic product for such fiscal year.
For the 119th Congress, if OMB does not certify that a chamber has adopted a balanced budget for the next fiscal year before April 16, salaries of Members of that chamber must be held in escrow until passage of a balanced budget or, if none is passed, the conclusion of the 119th Congress.
For subsequent Congresses, if OMB does not certify that a chamber has adopted a balanced budget for the next fiscal year before April 16, each Member of that chamber shall be paid at the rate of $1 annually for the remainder of the calendar year.
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 9, 2025): Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Policy area: Congress · Origin: Senate · Introduced: Jan 9, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.