Summary

To reduce the salaries of Members of Congress if a Federal budget deficit exists, prohibit commodities and securities trading based on non-public information relating to Congress, and for... Read More

Status

This bill was introduced on Dec 6, 2011, in a previous session of Congress, but was not passed.

Bill Text

A BILL

To reduce the salaries of Members of Congress if a Federal budget deficit exists, prohibit commodities and securities trading based on non-public information relating to Congress, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Reconnecting Congress with America Act of 2011''.

SEC. 2. REDUCTION IN SALARIES OF MEMBERS OF CONGRESS IN RESPONSE TO FEDERAL BUDGET DEFICIT.

(a) Determination of Salaries.--The annual rate of pay for a Member of Congress (including a Delegate or Resident Commissioner to the Congress) for pay periods occurring in a calendar year shall be equal to the following: (1) If, with respect to the most recent fiscal year ending before that calendar year, the Federal deficit was equal to or greater than 3 percent of the gross domestic product, 80% of the base rate applicable to the Member. (2) If, with respect to the most recent fiscal year ending before that calendar year, the Federal deficit was less than 3 percent of the gross domestic product, 90% of the base rate applicable to the Member. (3) If, with respect to the most recent fiscal year ending before that calendar year, there was no Federal deficit, 100% of the base rate applicable to the Member. (b) Federal Deficit.-- (1) Definition.--For purposes of this section, the term ``Federal deficit'' means, with respect to a fiscal year, the amount by which outlays...

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Bill Summary

H.R. 3564 Public Housing Tenants Respect Act of 2011 H.R. 3566 Fairness in Foreclosures Act of 2011