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HR 2824 105th Congress House Congress Balanced budgets Budget deficits Congressional reporting requirements Congressional salaries Cost of living adjustments Economics and Public Finance Federal budgets Labor and Employment

Balanced Budget Incentive Act

Introduced: November 5, 1997 See on congress.gov
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 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 12, 1997
Referred to the Subcommittee on Civil Service.
Nov 5, 1997
Introduced in House
Nov 5, 1997
Referred to House Oversight
Nov 5, 1997
Referred to the Committee on Government Reform and Oversight, and in addition to the Committee on House Oversight, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Nov 5, 1997
Referred to House Government Reform
 Plain-English summary Congressional Research Service

Balanced Budget Incentive Act - Amends the Legislative Reorganization Act of 1946 to prohibit rates of pay for Members of Congress from being increased, as a result of a cost-of-living adjustment, by a percentage greater than the maximum percentage allowable for a year. Provides that the maximum percentage allowable for a year is the percentage by which benefits under title II (Old-Age, Survivors and Disability Insurance) of the Social Security Act are increased (if at all) effective December 1 of the preceding year pursuant to a cost-of-living or general benefit increase.

Bars annual pay increases for Members of Congress for a calendar year if the Director of the Congressional Budget Office determines that there was a deficit in the U.S. Government budget for the last fiscal year ending before the start of such calendar year.

What's happening now November 12, 1997

Referred to the Subcommittee on Civil Service.

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Republican 1