Bill > S48

This bill, titled the Balanced Budget Accountability Act, aims to hold members of Congress accountable for failing to pass annual budgets that result in a balanced budget. The key provisions of the bill are: 1. If Congress does not adopt a balanced budget for fiscal years 2022 and 2023 by April 16 of the respective year, the payroll administrators of the House and Senate will withhold the salaries of their members until a balanced budget is adopted or until the end of the 117th Congress. 2. If Congress does not adopt a balanced budget for fiscal year 2024 and beyond by April 16 of the previous fiscal year, each member of Congress will be paid only $1 per year. 3. The bill also imposes a supermajority requirement of three-fifths of the members in each chamber to pass any legislation that increases revenue. The bill aims to incentivize Congress to adopt balanced budgets and limit increases in revenue, with the goal of reducing the growing federal debt and promoting economic growth.