Bill 119 hr 113, also known as the "Baseline Reform Act," aims to remove the discretionary inflater from the baseline and establish a provision that would place the salaries of Members of a House of Congress in escrow if that House has not agreed to a concurrent resolution on the budget for fiscal year 2026. This bill is designed to hold Members of Congress accountable for reaching a budget agreement and prevent automatic salary increases if a budget resolution is not passed.
The discretionary inflater is a mechanism that adjusts the baseline for inflation, potentially leading to automatic spending increases without any action from Congress. By removing this inflater, the bill seeks to promote fiscal responsibility and ensure that budget decisions are made deliberately and transparently.
Additionally, the provision to place Members' salaries in escrow serves as a deterrent to encourage timely budget negotiations and resolutions. If a House fails to agree on a budget resolution for fiscal year 2026, the salaries of its Members would be held in escrow until a resolution is reached.
Overall, Bill 119 hr 113 aims to reform the budget process in Congress and hold Members accountable for reaching budget agreements in a timely manner. It seeks to promote fiscal discipline and transparency in budget decisions, ultimately benefiting the American people.