Spending Accountability Act

Spending Accountability Act - Amends the Legislative Reorganization Act of 1946 to provide that if the total outlays of the government during a fiscal year exceed its total revenues for that fiscal year (federal budget deficit), as determined by the Congressional Budget Office (CBO):

each annual rate of pay for each Member of Congress shall be reduced by 15% for all pay periods during the next calendar year which begins after that fiscal year, and no adjustment may be made under the Act in any such rate of pay during such calendar year.