H.R. 500 (110th): Fiscal Responsibility Act of 2007

Introduced:
Jan 16, 2007 (110th Congress, 2007–2009)
Status:
Died (Referred to Committee)
Sponsor
Nathan Deal
Representative for Georgia's 9th congressional district
Party
Republican
Text
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Last Updated
Jan 16, 2007
Length
4 pages
Related Bills
H.R. 1980 (109th) was a previous version of this bill.

Referred to Committee
Last Action: Apr 28, 2005

H.R. 4336 (111th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Dec 16, 2009

 
Status

This bill was introduced on January 16, 2007, in a previous session of Congress, but was not enacted.

Progress
Introduced Jan 16, 2007
Referred to Committee Jan 16, 2007
 
Full Title

To provide that pay for Members of Congress be reduced following any fiscal year in which there is a Federal deficit.

Summary

No summaries available.

Cosponsors
13 cosponsors (13R) (show)
Committees

House House Administration

House Oversight and Government Reform

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


1/16/2007--Introduced.
Fiscal Responsibility Act of 2007 - Provides that, if there is a deficit in a fiscal year, then: (1) any pay adjustment (including a cost of living adjustment) for Members of Congress scheduled to take effect in the succeeding calendar year shall be null and void; and (2) rates of pay for Members shall be reduced by a specified percentage, but not below zero.
Specifies the mandatory pay rate reduction at: (1) 5%, for the first year; or (2) 10%, for any consecutive subsequent year that expenditures exceed revenues.
Specifies conditions for restoration of the original pay rate, together with otherwise scheduled adjustments.
Vests authority in the Director of the Congressional Budget Office to make determinations of whether or not a deficit exists in any fiscal year. States that, in making any such determination, the Director shall exclude any budget outlays which directly relate to a military conflict that lasts over 30 days or that is in direct response to a terrorist attack on the United States.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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