3.0.0 493 2023-01-11T13:28:20Z 2023-01-11T13:28:20Z Senate S 2015-02-12 114 ssbu00 Budget Committee Senate Standing Referred to 2015-02-12T19:50:54Z Balanced Budget Accountability Act 114 948 HR 2015-02-12 Referred to the Committee on House Administration, and in addition to the Committees on the Budget, 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. Identical bill CRS 2015-02-12 ssbu00 Budget Committee Senate Read twice and referred to the Committee on the Budget. (Sponsor introductory remarks on measure: CR S988; text of measure as introduced: CR S988-989) IntroReferral 2015-02-12 Introduced in Senate IntroReferral 10000 9 Library of Congress D000618 Sen. Daines, Steve [R-MT] Steve Daines R MT N C001075 Sen. Cassidy, Bill [R-LA] Bill Cassidy R LA 2015-02-12 True G000562 Sen. Gardner, Cory [R-CO] Cory Gardner R CO 2015-02-12 True C001095 Sen. Cotton, Tom [R-AR] Tom Cotton R AR 2015-02-12 True P000612 Sen. Perdue, David [R-GA] David Perdue R GA Alfred 2016-02-03 False S001198 Sen. Sullivan, Dan [R-AK] Dan Sullivan R AK 2016-07-14 False Economics and Public Finance Budget deficits and national debt Budget process Government employee pay, benefits, personnel management Income tax rates Legislative rules and procedure Members of Congress Economics and Public Finance 00 2015-02-12 Introduced in Senate 2015-03-04T21:50:05Z Balanced Budget Accountability Act

Requires each house of Congress to adopt a concurrent budget resolution for a fiscal year which provides that, for each fiscal year for which a budget is provided under the resolution (beginning by FY2025), total outlays do not exceed total receipts and are not more than 18% of the gross domestic product for such fiscal year.

Requires the Director of the Congressional Budget Office (CBO), upon the adoption by a chamber of a concurrent budget resolution for a fiscal year, to transmit to the Speaker of the House of Representatives or the President pro Tempore of the Senate (as the case may be) a certification as to whether or not that chamber has met the requirements of this Act with respect to the resolution.

Requires the appropriate payroll administrator of each chamber to deposit in an escrow account all mandatory payments for compensation of Members of Congress serving in that chamber if CBO does not certify that it has adopted a concurrent budget resolution for FY2016 before April 16, 2015.

Requires deposits to begin on such date and to be released to appropriate Members on the earlier of:

  • the day on which CBO certifies that the chamber has met the requirements of this Act with respect to FY2016, or
  • the last day of the 114th Congress.

Sets forth the same requirements for FY2017 if CBO does not certify that a chamber has adopted a concurrent budget resolution for FY2017 before April 16, 2016.

Requires legislation in the House and Senate that increases revenue to be agreed upon only by an affirmative vote of three-fifths of the Members of that chamber.

]]> Balanced Budget Accountability Act Display Title Balanced Budget Accountability Act Official Title as Introduced 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. Introduced in Senate IS Short Titles as Introduced Balanced Budget Accountability Act Introduced in Senate 2015-02-12T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s493is/xml/BILLS-114s493is.xml 2015-02-12 Read twice and referred to the Committee on the Budget. (Sponsor introductory remarks on measure: CR S988; text of measure as introduced: CR S988-989) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.