Search Results for keywords:"escrow"

Search Results: keywords:"escrow"

H. R. 209 — To hold the salaries of Members of a House of Congress in escrow if the House of Congress does not pass regular appropriation bills on a timely basis during a Congress, and for other purposes.
January 03, 2025
Status:Introduced in House
Congress:119
Words:791
H.R. 209, known as the “Inaction Has Consequences Act,” proposes that if a House of Congress fails to pass all the regular appropriation bills by the start of a fiscal year, the salaries of its members will be withheld and placed into an escrow account. The funds in escrow can only be...
Simple Explanation
If Congress doesn't finish its "money homework" on time, like approving money plans for the government, then the members might not get their allowances right away and have to wait until they do their work.
H. R. 208 — To provide that the salaries of Members of a House of Congress will be held in escrow if that House has not agreed to a concurrent resolution on the budget for the next fiscal year by April 15.
January 03, 2025
Status:Introduced in House
Congress:119
Words:736
H.R. 208, also known as the "No Budget, No Pay Act," requires that the salaries of members of Congress be held in escrow if the House of Congress they serve in does not agree to a budget resolution for the next fiscal year by April 15. The salaries will be withheld from April 16 until a...
Simple Explanation
Congress wants to make sure they agree on a plan for the country's money by April 15 each year. If they don't, they won't get their paychecks until they finish the plan, but they will eventually get all their money.
H. R. 7561 — To reduce the pay of Members of Congress when a mass shooting occurs in the United States, and for other purposes.
March 06, 2024
Status:Introduced in House
Congress:118
Words:920
H.R. 7561, also known as the “No Pay Until Peace Act,” proposes to reduce the pay of Members of Congress whenever a mass shooting occurs in the United States. The bill stipulates that for each month a mass shooting takes place, Congressional pay for that year will be...
Simple Explanation
The No Pay Until Peace Act says that whenever a big, bad event happens where people get hurt by guns in the US, the people in charge (like Congress) will get paid less money for that year. Their paychecks will be saved up until later to make sure they still follow the rules about how they get paid.

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