This bill — known as the Fiscal Responsibility Act — would reduce the pay of members of Congress by five percent for the first year there is a budget deficit and 10 percent for each successive year of deficits. Congressional pay would reset once the federal budget is balanced. The bill's requirements would take effect immediately upon its enactment.
What is House Bill H.R. 4512?
Cost of House Bill H.R. 4512
In-Depth: Sponsoring Rep. Rod Blum (R-IA) introduced this bill to cut the pay of Congress each year the federal government fails to balance the budget:
“As a career small businessman, I know firsthand the consequences when businesses mismanage resources. But unlike the private sector, Congress faces no penalties for failure. Year after year we’ve seen the same thing: grand promises of future savings while our national debt continues to skyrocket. For the sake of our children and grandchildren who will be stuck paying off our $19 trillion debt, it’s time we make our politicians face the reality of our fiscal crisis by hitting them where it counts: their own pocketbook.”
Summary by Eric Revell(Photo Credit: Speaker Paul Ryan / Public Domain)
Fiscal Responsibility Act of 2017
To provide that the rates of pay for Members of Congress shall be reduced following any fiscal year in which there is a Federal deficit.
- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on AdministrationCommittee on Oversight and ReformIntroducedDecember 1st, 2017
- house Committees