H.R.3883 - Budget or Bust Act112th Congress (2011-2012)
|Sponsor:||Rep. Broun, Paul C. [R-GA-10] (Introduced 02/02/2012)|
|Committees:||House - Budget; House Administration; Oversight and Government Reform; Rules|
|Latest Action:||02/08/2012 Sponsor introductory remarks on measure. (CR H590) (All Actions)|
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Summary: H.R.3883 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (02/02/2012)
Budget or Bust Act - Repeals requirements that the President submits annual budgets, including supplemental budget estimates and changes to Congress.
Amends the Congressional Budget Act of 1974 to revise accordingly congressional procedures for considering budget resolutions.
Requires the Secretary of the Treasury to deposit all payments otherwise required to be made for Members of Congress' compensation in an escrow account to be released to the Members only upon the adoption of a budget resolution, if on or before April 1 of any year Congress does not adopt a budget resolution for the fiscal year that begins on October 1 of that year.