Bill > HR372

This bill, titled the "Budget or Bust Act," proposes significant changes to the federal budget process by eliminating the requirement for the President to submit an annual budget to Congress, including any proposed changes. It also revises the timeline for Congress to consider budget resolutions, which are formal agreements outlining the government's spending and revenue plans. Crucially, if Congress fails to adopt a budget resolution by April 1st for the fiscal year beginning on October 1st, the Secretary of the Treasury will be required to hold the salaries of Members of Congress in an escrow account, releasing the funds only after a budget resolution is passed. This measure aims to incentivize timely budget agreement by directly impacting congressional compensation.