Budget or Bust Act

Bill: 113-hr-372
Sponsor: full_name: Rep. Broun, Paul C. [R-GA-10]
Introduced: 2013-01-23
Policy area: Economics and Public Finance
Subjects: Budget process

Government employee pay, benefits, personnel management

Members of Congress
Latest action: action_date: 2013-01-23
text: 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.

Summaries:
action_date: 2013-01-23
action_desc: Introduced in House
text: <p>Budget or Bust Act - Repeals requirements that the President submits annual budgets, including supplemental budget estimates and changes to Congress.</p> <p>Amends the Congressional Budget Act of 1974 to revise accordingly congressional procedures for considering budget resolutions. </p> <p>Requires the Secretary of the Treasury to deposit all payments otherwise required to be made for Members of Congress' compensation in an escrow account to be released to the Members only upon the adoption of a budget resolution, if on or before April 1 of any year Congress does not adopt a budget resolution for the fiscal year that begins on October 1 of that year.</p>

tv_txt: I 113th CONGRESS 1st Session 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 A BILL 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.

1. Short title This Act may be cited as the Budget or Bust Act . 2. Repeal of requirement that President submit annual budget to Congress Sections 1105 and 1106 of title 31, United States Code, are repealed. 3. 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 April 1 . 4. Holding salaries of members of congress in escrow if congress fails to adopt budget resolution (a) Escrow 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. (b) 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). (c) 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. (d) 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 ). 5. Effective date This Act shall apply with respect to fiscal year 2015 and each succeeding fiscal year.