Lead By Example Act
A BILL
To amend title 5, United States Code, to provide that matching contributions to the Thrift Savings Fund for Members of Congress be made contingent on Congress completing action on a concurrent resolution on the budget, for the fiscal year involved, which reduces the deficit, and for other purposes.
Sec. 2 Condition
“(4)
“(A) Notwithstanding any other provision of this section, no contribution under this subsection may be made for the benefit of any Member—
“(i) with respect to any pay period beginning before the date on which Congress completes action on a concurrent resolution on the budget for the fiscal year in which the first day of such pay period occurs; and
“(ii) unless—
“(I) the deficit for the fiscal year referred to in clause (i) (as set forth in the concurrent resolution on the budget for such fiscal year), is less than
“(II) the deficit for the preceding fiscal year (as set forth in the concurrent resolution on the budget for such preceding fiscal year).
“(B) If a determination under subparagraph (A)(ii) cannot be made with respect to a fiscal year (as referred to in subclause (I) thereof) due to a failure by Congress to complete action on a concurrent resolution on the budget for the preceding fiscal year (as referred to in subclause (II) thereof) the condition under subparagraph (A)(ii) shall be considered not to have been met for purposes of the fiscal year referred to in subclause (I) thereof.
“(C) Clause (ii) of subparagraph (A) and subparagraph (B) shall cease to apply after the date on which Congress completes action on a concurrent resolution on the budget for the first fiscal year, following the date of the enactment of this paragraph, for which there is no deficit (as determined based on the concurrent resolution on the budget for such fiscal year).
“(D) For purposes of this paragraph, the terms concurrent resolution on the budget and deficit have the respective meanings given them by section 3 of the Congressional Budget and Impoundment Control Act of 1974.”