[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4762 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 4762

   To reduce the pay of Members of Congress and dedicate the annual 
              savings to a reduction of the national debt.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 4, 2010

Mr. Burton of Indiana introduced the following bill; which was referred 
   to the Committee on House Administration, and in addition to the 
   Committee on Oversight and Government Reform, 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 reduce the pay of Members of Congress and dedicate the annual 
              savings to a reduction of the national debt.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Congressional Pay Cut for Debt 
Reduction Act''.

SEC. 2. REDUCTION OF PAY OF MEMBERS OF CONGRESS AND ELIMINATION OF 
              AUTOMATIC PAY ADJUSTMENTS.

    (a) Reduction of Pay.--Section 601(a)(1) of the Legislative 
Reorganization Act of 1946 (2 U.S.C. 31(1)) is amended by inserting 
``90 percent of'' before ``the rate determined for such positions''.
    (b) Elimination of Automatic Pay Adjustments.--Section 601(a) of 
such Act is amended by striking paragraph (2).
    (c) Conforming Amendments.--Section 601(a)(1) of such Act is 
amended--
            (1) by striking ``(a)(1)'' and inserting ``(a)'';
            (2) by redesignating subparagraphs (A), (B), and (C) as 
        paragraphs (1), (2), and (3), respectively; and
            (3) by striking ``, as adjusted by paragraph (2) of this 
        subsection''.
    (d) Effective Date.--The amendments made by this section shall take 
effect on December 31, 2010.

SEC. 3. DEDICATION OF SAVINGS TO REDUCTION OF NATIONAL DEBT.

    (a) In General.--As soon as practicable after the beginning of each 
fiscal year, the Secretary of the Treasury shall calculate the 
reduction in outlays expected to occur during the fiscal year as a 
result of the application of the amendments made by section 2, and 
transfer an amount equal to such reduction out of the general fund of 
the Treasury and to the account established under section 3113(d) of 
title 31, United States Code, to reduce the public debt.
    (b) Report.--Not less than 60 days before each transfer under 
subsection (a), the Secretary of the Treasury shall submit to the 
Congress a report setting forth the amount of the proposed transfer and 
the methodology used by the Secretary to calculate the amount.
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