United States · Bill · HR
H.R. 3841 (96th)
Federal Debt Reduction Incentive Profit Sharing Pay Raise Commission Reform Act of 1979
Introduced
1 May 1979
Last action
—
Status
Referred to House Committee on Post Office and Civil Service.
Sponsors
—
Subjects
Discovery layer
Source updated
2 September 2025
Summary
Federal Debt Reduction Incentive - Profit Sharing - Pay Raise Commission Reform Act of 1979 - Provides that salaries of Members of Congress shall be $42,500 per year plus a commission of $1,000 a year for each $1,000,000,000 of Federal annual budget surplus applied to retirement of the national debt during the preceding fiscal year. Stipulates that such annual salary shall not exceed $48,825. Establishes a ceiling on annual salaries of the Speaker and floor leaders of $70,000 and $60,000, respectively.
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Versions
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Documents
1 official file
Introduced in House
summary · EN · 1 May 1979
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/96th-congress/house-bill/3841
- Open data entity: https://api.congress.gov/v3/bill/96/hr/3841