Section 1 Short title
This Act may be cited as the “Spending Accountability Act”.
Spending Accountability Act
A BILL
To provide for a 15 percent reduction in the rates of pay of Members of Congress for pay periods occurring during a year if a Federal budget deficit existed during the most recent fiscal year.
Sec. 2 Reduction in pay of Members of Congress if budget deficit existed at end of previous year
In general— Section 601(a)(2) of the Legislative Reorganization Act of 1946 (2 U.S.C. 31(2)) is amended by adding at the end the following:
“(C) If the total outlays of the Government during a fiscal year exceed the total revenues of the Government during that fiscal year, as determined by the Congressional Budget Office—
“(i) each annual rate of pay referred to in paragraph (1) shall be reduced by 15 percent for all pay periods occurring during the next calendar year which begins after that fiscal year; and
“(ii) no adjustment may be made under subparagraph (A) in any such rate of pay during that next calendar year.”
Technical Amendment— Section 601(a)(2)(A) of such Act is amended by striking “Subject to subparagraph (B),” and inserting “Subject to subparagraphs (B) and (C),”.
Effective Date— The amendments made by this section shall apply with respect to fiscal year 2014 and each succeeding fiscal year.