H.R.372 - Budget or Bust Act

To amend title 31, United States Code, to eliminate the requirement that the President submit a budget to the Congress each year, and for other purposes. view all titles (3)

All Bill Titles

  • Official: To amend title 31, United States Code, to eliminate the requirement that the President submit a budget to the Congress each year, and for other purposes. as introduced.
  • Short: Budget or Bust Act as reported to house.
  • Short: Budget or Bust Act as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
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01/23/13
 
 
 
 
 
 
 

Official 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

Official 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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