Section 1 Short title
This Act may be cited as the “President’s Salary Suspended Unless Budget Measure Is On Time Act” or the “President’s Salary SUBMIT Act”.
President’s Salary Suspended Unless Budget Measure Is On Time Act
A BILL
To provide that compensation of the President shall be held in escrow upon failure to submit his budget in a timely manner.
Sec. 2 Holding compensation of the President in escrow upon failure to submit his budget in a timely manner
Holding compensation in escrow—
In general— Except as provided in subsection (b), if by the first Monday in February of a year, the President has not submitted his budget for the succeeding fiscal year pursuant to section 300 of the Congressional Budget Act of 1974, the payroll administrator shall deposit in an escrow account all payments otherwise required to be made during the period described in paragraph (2) for the compensation of the President, and shall release such payments to the President only upon the expiration of such period.
Period described— With respect to a budget due by the first Monday in February of a year, the period described in this paragraph is the period which begins on the day after such first Monday, and ends on the earlier of—
the day on which the President submits the budget which was so due; or
the last day of the term of office of the President in which such first Monday occurs.
Withholding and remittance of amounts from payments held in escrow— The payroll administrator shall provide for the same withholding and remittance with respect to a payment deposited in an escrow account under paragraph (1) that would apply to the payment if the payment were not subject to paragraph (1).
Role of Secretary of the Treasury— The Secretary of the Treasury shall provide the payroll administrator with such assistance as may be necessary to enable the payroll administrator to carry out this section.
Exceptions— Subsection (a)(1) shall not apply in the case of a budget which, pursuant to section 300 of the Congressional Budget Act of 1974, is required to be submitted by the President within 30 days after—
the commencement date of the term for which the President is elected; or
the date as of which a successor fills a vacancy in the office of the President which resulted from—
the removal of the President from office; or
his death, resignation, or inability to discharge the powers and duties of the office of President.
Definitions— In this section—
the term compensation, as used with respect to the President, means the compensation received by the President under section 102 of title 3, United States Code; and
the term payroll administrator means the administrator responsible for the disbursement of the compensation of the President.