President's Salary SUBMIT Act

To provide that compensation of the President shall be held in escrow upon failure to submit his budget in a timely manner. 1. Short title This Act may be cited as the President’s Salary Suspended Unless Budget Measure Is On Time Act President’s Salary SUBMIT Act 2. Holding compensation of the President in escrow upon failure to submit his budget in a timely manner (a) Holding compensation in escrow (1) In general Except as provided in subsection (b), if by the first Monday in February of a year, the President has not submitted his budget for the succeeding fiscal year pursuant to section 300 of the Congressional Budget Act of 1974, the payroll administrator shall deposit in an escrow account all payments otherwise required to be made during the period described in paragraph (2) for the compensation of the President, and shall release such payments to the President only upon the expiration of such period. (2) Period described With respect to a budget due by the first Monday in February of a year, the period described in this paragraph is the period which begins on the day after such first Monday, and ends on the earlier of— (A) the day on which the President submits the budget which was so due; or (B) the last day of the term of office of the President in which such first Monday occurs. (3) Withholding and remittance of amounts from payments held in escrow The payroll administrator shall provide for the same withholding and remittance with respect to a payment deposited in an escrow account under paragraph (1) that would apply to the payment if the payment were not subject to paragraph (1). (4) Role of Secretary of the Treasury The Secretary of the Treasury shall provide the payroll administrator with such assistance as may be necessary to enable the payroll administrator to carry out this section. (b) Exceptions Subsection (a)(1) shall not apply in the case of a budget which, pursuant to section 300 of the Congressional Budget Act of 1974, is required to be submitted by the President within 30 days after— (1) the commencement date of the term for which the President is elected; or (2) the date as of which a successor fills a vacancy in the office of the President which resulted from— (A) the removal of the President from office; or (B) his death, resignation, or inability to discharge the powers and duties of the office of President. (c) Definitions In this section— (1) the term compensation section 102 (2) the term payroll administrator

Summary: President's Salary Suspended Unless Budget Measure Is On Time Act or President's Salary SUBMIT Act - Requires the payroll administrator responsible for the disbursement of the President's compensation to deposit in an escrow account all such payments otherwise required to be made, if by the first Monday in February of a year the President has not submitted his budget for the succeeding fiscal year. Requires the deposits to begin the day after such Monday and to be released to the President on the earlier of: the day on which he submits the budget, or the last day of his term of office in which such first Monday occurs. Makes this requirement inapplicable to a budget required to be submitted by the President within 30 days after: the commencement date of the term for which the President is elected; or the date as of which a successor fills a vacancy in the office of the President which resulted from his removal from office, death, resignation, or inability to discharge the powers and duties of such office.