H. R. 372
IN THE HOUSE OF REPRESENTATIVES
January 23, 2013
Mr. Broun of Georgia introduced the following bill; which was referred to the Committee on the Budget, and in addition to the Committees on House Administration, 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
To amend title 31, United States Code, to eliminate the requirement that the President submit a budget to the Congress each year, and for other purposes.
This Act may be cited as the
Budget or Bust Act
Repeal of requirement that President submit annual budget to Congress
Change in congressional budget process timetable
Section 300 of the Congressional Budget Act of 1974 is amended by striking
April 1 and inserting
March 15 and by striking
April 15 and inserting
Holding salaries of members of congress in escrow if congress fails to adopt budget resolution
If on or before April 1 of any year Congress does not adopt a concurrent resolution on the budget for the fiscal year that begins on October 1 of that year, the Secretary of the Treasury shall deposit all payments otherwise required to be made for the compensation of Members of Congress in an escrow account, and shall release such payments to the Members only upon the adoption by Congress of a concurrent resolution on the budget for that fiscal year.
Withholding and remittance of amounts from payments held in escrow
The Secretary of the Treasury shall provide for the same withholding and remittance with respect to a payment deposited in an escrow account under subsection (a) that would apply to the payment if the payment were not subject to subsection (a).
Coordination with House and Senate
The Secretary of the Treasury shall enter into such agreements with the Chief Administrative Officer of the House of Representatives and the Secretary of the Senate as may be necessary to carry out this section.
Member of Congress Defined
In this section, the term Member of Congress means an individual serving in a position under subparagraph (A), (B), or (C) of section 601(a) of the Legislative Reorganization Act of 1946 (2 U.S.C. 31).
This Act shall apply with respect to fiscal year 2015 and each succeeding fiscal year.