1. Short Title This Act may be cited as the Fiscal Responsibility Act of 2017 . 2. Definitions For the purpose of this Act— (1) a deficit shall be considered to exist in a fiscal year if total budget outlays of the Government for such fiscal year exceed total revenues of the Government for such fiscal year (as determined under section 3(d) ); and (2) the term Member of Congress or Member means an individual serving in a position referred to in section 601(a)(1) of the Legislative Reorganization Act of 1946 ( 2 U.S.C. 4501(1) ). 3. Effect of a deficit (a) In general Notwithstanding any other provision of law, if there is a deficit in a fiscal year, then— (1) any pay adjustment for Members of Congress scheduled to take effect under section 601(a) of the Legislative Reorganization Act of 1946 ( 2 U.S.C. 4501 ) in the succeeding calendar year shall be null and void