The 28th Amendment – Congressional Pay and Term LimitsSection 1
Effective on ratification, no Representative shall hold
office for a time that exceeds ten years, or five full terms. A Representative shall only be eligible for
reelection if service of a full term will not exceed the ten year service
Effective on ratification, no Senator shall hold office for a time that exceeds twelve years, or two full terms. A Senator shall only be eligible for reelection if service of a full term will not exceed the twelve year service limit.
Service time accumulated from one office shall apply to the service limits of the opposite Congressional body. Any individual being elected to the opposite Congressional body will abide by the respective limits as defined in this Amendment.
All exiting members of Congress will receive a one-time severance equal to ten percent of their total annual salaries during their respective years of service. Any other type of pension or retirement benefits of any kind are hereby prohibited. Former members of Congress collecting pensions or retirement benefits at the time of ratification are exempt from this section.
All Senators will receive a per annum base salary of 75,000 US Dollars. All Representatives will receive a per annum base salary of 50,000 US Dollars. Salaries will be adjusted per levels of inflation every census year.
While serving in Congress, all living expenses incurred by the elected individual shall be paid by the US Government. This includes but is not limited to housing, transportation, food, educational expenses, health expenses, etc. These benefits extend to the individual’s spouse/partner and immediate family members including parents.
While serving in Congress, all members, and those beneficiaries described in Section 6, shall be prohibited from making any and all for profit financial transactions. This includes but is not limited to stock purchases, real estate investments, capital investment, etc.
Any item of lasting monetary value procured while in Congressional service shall be owned wholly by the US Government and may not be resold by the individual. All such items, such as cars or housing, will be remanded to the appropriate Government agency at such time the individual no longer wishes to hold the items in question.
All powers to oversee, enforce, and investigate violations of this Amendment will be the sole responsibility of the Department of the Treasury.