- Not enactedThe President has not signed this bill
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Committee on Oversight and ReformCommittee on House AdministrationIntroducedMarch 4th, 2010
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Congressional Pay Cut for Debt Reduction Act
To reduce the pay of Members of Congress and dedicate the annual savings to a reduction of the national debt.
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.