Rates of pay— Section 601(a)(1) of the Legislative Reorganization Act of 1946 (2 U.S.C. 31(1)) is amended by striking “shall be the rate” and all that follows and inserting the following: “shall be equal to the annual rate of pay for such positions as of the date of the regularly scheduled general election for Federal office held in November 2014, reduced by 20 percent.”.
Effective date— The amendments made by this Act shall take effect on the first day of the first pay period which begins after the date of the regularly scheduled general election for Federal office held in November 2014.