S. 45 Introduced Congress

Balanced Budget Accountability Act

A bill to reduce a portion of the annual pay of Members of Congress for the failure to adopt a concurrent resolution on the budget which does not provide for a balanced budget, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed Senate
  4. Passed House
  5. To President
  6. Became law
Sponsor Sen. Daines, Steve [R-MT] Introduced January 9, 2025 Cosponsors 1 (1 R) Latest action January 9, 2025

Summary

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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. Jan 9, 2025 Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
  2. Jan 9, 2025 Introduced in Senate

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