I
112th CONGRESS
1st Session
H. R. 121
IN THE HOUSE OF REPRESENTATIVES
January 5, 2011
Mr. Gingrey of Georgia (for himself, Mr. Bass of New Hampshire, Mr. Gowdy, Mr. Scalise, Mr. Austin Scott of Georgia, Mr. Stivers, and Mr. Walberg) introduced the following bill; which was referred to the Committee on House Administration
A BILL
To require any amounts remaining in a Member’s Representational Allowance at the end of a fiscal year to be deposited in the Treasury and used for deficit reduction or to reduce the Federal debt.
Short title
This Act may be cited as the
Congressional Budget Accountability
Act
.
Requiring amounts remaining in members’ representational allowances to be used for deficit reduction or to reduce the federal debt
In General
Notwithstanding any other provision of law, any amounts appropriated for Members’ Representational Allowances for the House of Representatives for a fiscal year which remain after all payments are made under such Allowances for the year shall be deposited in the Treasury and used for deficit reduction, except that in the case of a fiscal year for which there is no Federal budget deficit, such amounts shall be used to reduce the Federal debt (in such manner as the Secretary of the Treasury considers appropriate).
Regulations
The Committee on House Administration shall promulgate such regulations as may be necessary to carry out this section.
Effective Date
This section shall apply with respect to fiscal year 2011 and each succeeding fiscal year.