Presidential Budget Accountability Act

HR 7614, the Presidential Budget Accountability Act, requires the President and senior cabinet officials to forfeit pay if the annual federal budget is not submitted to Congress by February 1 each year, as mandated by law. Specifically, if the President misses this deadline, their pay and that of cabinet members is withheld during the period from February 6 to May 6 of the same year. To comply with constitutional requirements, the bill mandates that withheld pay be held in an escrow account and released only after the specified period ends. This provision applies starting with the fiscal year 2025 budget submission.