United States 113th Congress Status: Died 1 R cosponsors

HR 4021 — Debt Limit Reform and Congressional Pay for Performance Act of 2014

Last action — Referred to House Oversight and Government Reform

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 113th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Debt Limit Reform and Congressional Pay for Performance Act of 2014 - Suspends the public debt limit for the period beginning on February 8, 2014, and ending on April 15, 2024. Revises the special rule relating to obligations issued during the suspension period to provide for an increase in the debt limit, effective April 16, 2024, to the extent that: (1) the face amount of obligations issued and the face amount of obligations whose principal and interest are guaranteed by the federal government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on April 16, 2024, exceeds (2) the face amount of such obligations outstanding on the date of enactment of this Act. Prohibits an obligation from being taken into account unless its issuance was necessary to fund a commitment incurred by the federal government that required payment before April 16, 2024. Requires the Director of the Office of Management and Budget (OMB) on December 31 of each of calendar years 2015 through 2023 to determine: the sum of the face amount of obligations issued and the face amount of obligations whose principal and interest are guaranteed by the federal government (except guaranteed obligations held by the Secretary of the Treasury), outstanding at any time, for the most recent fiscal year which ended before the calendar year; the amount equal to a specified applicable percentage of the Gross Domestic Product (GDP), as determined by the Secretary of Commerce, for such fiscal year; and the percentage by which the sum of outstanding obligations for the most recent fiscal year exceeds, if it does, the applicable percentage of the GDP for that fiscal year. Amends the Legislative Reorganization Act of 1946 to require the Director of OMB to reduce each annual rate of pay for Members of Congress by the percentage by which such sum of outstanding obligations for the most recent fiscal year exceeds the applicable percentage of the GDP for that fiscal year for all pay periods occurring during the calendar year beginning after that fiscal year. Prohibits any cost of living adjustment to the rate of pay for any Member of Congress during the next calendar year.

Bill Text

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Read HR 4021 on the official United States source →

Action History

  1. Referred to House Oversight and Government Reform

  2. Referred to House House Administration

  3. Referred to House Ways and Means

  4. Referred to the Committee on Ways and Means, and in addition to the Committees on House Administration, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation finance
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Frequently asked questions

What does HR 4021 do?
Debt Limit Reform and Congressional Pay for Performance Act of 2014 - Suspends the public debt limit for the period beginning on February 8, 2014, and ending on April 15, 2024. Revises the special rule relating to obligations issued during the suspension period to provide for an increase in the debt limit, effective April 16, 2024, to the extent that: (1) the face amount of obligations issued and the face amount of obligations whose principal and interest are guaranteed by the federal government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on April 16, 2024, exceeds (2) the face amount of such obligations outstanding on the date of enactment of this Act. Prohibits an obligation from being taken into account unless its issuance was necessary to fund a commitment incurred by the federal government that required payment before April 16, 2024. Requires the Director of the Office of Management and Budget (OMB) on December 31 of each of calendar years 2015 through 2023 to determine: the sum of the face amount of obligations issued and the face amount of obligations whose principal and interest are guaranteed by the federal government (except guaranteed obligations held by the Secretary of the Treasury), outstanding at any time, for the most recent fiscal year which ended before the calendar year; the amount equal to a specified applicable percentage of the Gross Domestic Product (GDP), as determined by the Secretary of Commerce, for such fiscal year; and the percentage by which the sum of outstanding obligations for the most recent fiscal year exceeds, if it does, the applicable percentage of the GDP for that fiscal year. Amends the Legislative Reorganization Act of 1946 to require the Director of OMB to reduce each annual rate of pay for Members of Congress by the percentage by which such sum of outstanding obligations for the most recent fiscal year exceeds the applicable percentage of the GDP for that fiscal year for all pay periods occurring during the calendar year beginning after that fiscal year. Prohibits any cost of living adjustment to the rate of pay for any Member of Congress during the next calendar year.
Who sponsors HR 4021?
HR 4021 is sponsored by Garland Barr (R).
What is the current status of HR 4021?
This bill died with 113th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 4021?
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