A bill to increase the compensation of the Chairman and the members of the Board of Governors of the Federal Reserve System and of the Director and Deputy Director of the Office of Management and Budget.

Upgrades the offices of Director of the Office of Management and Budget and Chairman of the Board of Governors of the Federal Reserve System from position II to position I of the Executive Schedule and the offices of Deputy Director of the Office of Management and Budget and Members of the Board of Governors of the Federal Reserve System from position III to position II of the Executive Schedule.