Congressional Pay Cut for Debt Reduction Act
Official title: To reduce the pay of Members of Congress and dedicate the annual savings to a reduction of the national debt.
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Referred to House Oversight and Government Reform
Congressional Pay Cut for Debt Reduction Act - Amends the Legislative Reorganization Act of 1946 to: (1) reduce the annual salary of Members of Congress to 90% of the mandatory rate determined for such positions; and (2) eliminate automatic pay adjustments for Members of Congress.
Requires the Secretary of the Treasury, as soon as practicable after the beginning of each fiscal year, to: (1) calculate the reduction in outlays expected to occur during the fiscal year as a result of the application of the amendments made by this Act; and (2) transfer an equivalent amount to a specified account in the Treasury to reduce the public debt.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 4762: Congressional Pay Cut for Debt Reduction Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-4762/
"H.R. 4762: Congressional Pay Cut for Debt Reduction Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-4762/.
H.R. 4762, 111th Cong. (2026), https://openamerica.io/bill/111-HR-4762/.
[H.R. 4762: Congressional Pay Cut for Debt Reduction Act](https://openamerica.io/bill/111-HR-4762/)