Budget or Bust Act

Summary

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.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 February 2012

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• Introduced in House (PDF)

  Introduced in House · EN · 2 February 2012

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 February 2012

  Open at official source

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