A bill to provide for a 10 percent reduction in congressional salaries whenever the budget is not balanced.

Provides that, beginning with fiscal year 1975, if the outlays of the United States Government exceed receipts, then during the immediately succeeding fiscal year the rate of compensation that each Senator, Representative, Delegate, and the Resident Commissioner from Puerto Rico would have been paid but for the enactment of this Act shall be reduced by 10 percent.