Budget Process Enhancement Act: Eliminating Inflation Adjustments and Withholding Congressional Pay
This Act aims to increase accountability in the budget process by penalizing Congress and the Executive Branch for delays. If either House fails to agree on a budget resolution by April 15, their members' salaries will be held in escrow. Furthermore, the law changes how the federal budget baseline is calculated by removing automatic inflation adjustments, potentially leading to tighter control over future public spending and debt growth.
Key points
Congressional Pay Held in Escrow: If the House or Senate fails to agree to the fiscal year 2024 budget resolution by April 15, 2023, their members' salaries will be deposited into an escrow account until the budget is passed.
Changes to Budget Calculation: The Act removes automatic adjustments for inflation and other factors from the federal budget baseline, meaning future spending projections will not automatically increase based on inflation forecasts.
Executive Accountability: The Director and Deputy Directors of the Office of Management and Budget (OMB) will lose their pay if the President fails to submit the required budget to Congress on time.
Expired
Additional Information
Print number: 118_HR_111
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2023-01-09