A bill to amend the Federal Salary Act of 1967 to remove Members of Congress from its provisions; to amend the Legislative Reorganization Act of 1946 to eliminate the cost-of-living adjustment provisions for Members of Congress; to set the salary for Members of Congress at the level in effect before October 1, 1976; and to require that any increase in the level of salary for Members of Congress not take effect until the next Congress.

Amends the Federal Salary Act of 1967 to eliminate review of rates of pay for Members of Congress by the Commission on Executive, Legislative, and Judicial Salaries.

Amends the Legislative Reorganization Act of 1946 to abolish automatic cost-of-living pay adjustments for Members of Congress, and to set the rate of pay for such Members at the rate in effect on September 30, 1976.

Stipulates that any pay increase for Members of Congress shall not take effect until the Congress succeeding the Congress which approves such increase.