Like Countable?

Install the App

house Bill H.R. 4762

Congressional Pay Cut for Debt Reduction Act

Bill Details

Official information provided by the Congressional Research Service. Learn more or make a suggestion.
The Congressional Research Service writes summaries for most legislation. These summaries are listed here. Countable will update some legislation with a revised summary, title or other key elements.

Suggest an update to this bill using our form.


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.


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.

bill Progress

  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Administration
      Committee on Oversight and Reform
    IntroducedMarch 4th, 2010

    There are currently no opinions on this bill, be the first to add one!