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H.R. 1082, the “President’s Salary Suspended Unless Budget Measure Is On Time (SUBMIT) Act,” places the President’s pay in escrow if he fails to meet the statutory deadline to submit his budget until the day the budget is submitted.
The Budget and Accounting Act of 1921 requires the President to submit an annual budget on the first Monday in February. The President missed his deadline for FY 2014 on Monday, February 4th.
President Obama has missed his budget deadline, required by law, four out of the five years he has been in office and is the first President to do so two consecutive years since 1923 and holds the latest budget submission at 98 days.
American families and small businesses have to budget their resources and they deserve a budget on time from their President. The President should be held to the same standard as the American people and Congress and this bill sends that message.
H. R. 1082
To provide that compensation of the President shall be held in escrow upon failure to submit his budget in a timely manner.
1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘President’s Salary Sus-
5 pended Unless Budget Measure Is On Time Act’’ or the
6 ‘‘President’s Salary SUBMIT Act’’.
1 SEC. 2. HOLDING COMPENSATION OF THE PRESIDENT IN
2 ESCROW UPON FAILURE TO SUBMIT HIS
3 BUDGET IN A TIMELY MANNER.
4 (a) HOLDING COMPENSATION IN ESCROW.—
5 (1) IN GENERAL.—Except as provided in sub
6 section (b), if by the first Monday in February of a
7 year, the President has not submitted his budget for
8 the succeeding fiscal year pursuant to section 300 of
9 the Congressional Budget Act of 1974, the payroll
10 administrator shall deposit in an escrow account all
11 payments otherwise required to be made during the
12 period described in paragraph (2) for the compensa-
13 tion of the President, and shall release such pay-
14 ments to the President only upon the expiration of
15 such period.
16 (2) PERIOD DESCRIBED.—With respect to a
17 budget due by the first Monday in February of a
18 year, the period described in this paragraph is the
19 period which begins on the day after such first Mon-
20 day, and ends on the earlier of—
21 (A) the day on which the President sub-
22 mits the budget which was so due; or
23 (B) the last day of the term of office of the
24 President in which such first Monday occurs.
25 (3) WITHHOLDING AND REMITTANCE OF
26 AMOUNTS FROM PAYMENTS HELD IN ESCROW.—The
1 payroll administrator shall provide for the same
2 withholding and remittance with respect to a pay-
3 ment deposited in an escrow account under para-
4 graph (1) that would apply to the payment if the
5 payment were not subject to paragraph (1).
6 (4) ROLE OF SECRETARY OF THE TREASURY.—
7 The Secretary of the Treasury shall provide the pay
8 roll administrator with such assistance as may be
9 necessary to enable the payroll administrator to
10 carry out this section.
11 (b) EXCEPTIONS.—Subsection (a)(1) shall not apply
12 in the case of a budget which, pursuant to section 300
13 of the Congressional Budget Act of 1974, is required to
14 be submitted by the President within 30 days after—
15 (1) the commencement date of the term for
16 which the President is elected; or
17 (2) the date as of which a successor fills a va-
18 cancy in the office of the President which resulted
20 (A) the removal of the President from of-
21 fice; or
22 (B) his death, resignation, or inability to
23 discharge the powers and duties of the office of
25 (c) DEFINITIONS.—In this section—
1 (1) the term ‘‘compensation’’, as used with re-
2 spect to the President, means the compensation re-
3 ceived by the President under section 102 of title 3,
4 United States Code; and
5 (2) the term ‘‘payroll administrator’’ means the
6 administrator responsible for the disbursement of
7 the compensation of the President.