Limiting Congressional Pay and Requiring National Debt Reduction
This proposed constitutional amendment aims to link congressional salaries to the nation's financial health. If government spending exceeds revenue, members of Congress would not receive pay. Furthermore, any new law would need to contribute to reducing the national debt, potentially impacting the country's financial stability and public services.
Key points
No pay for Members of Congress if government outlays exceed receipts.
New laws must reduce the national debt, unless the debt is zero or there is a surplus.
Changes will take effect five years after ratification.
Status:
Expired
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