1. Short title This Act may be cited as the No Budget, No Pay Act . 2. Definitions In this Act— (1) the term Budget and Appropriations Chairs means the House Budget and Appropriations Chairs and the Senate Budget and Appropriations Chairs; (2) the term House Budget and Appropriations Chairs means the Chair of the Committee on the Budget of the House of Representatives and the Chair of the Committee on Appropriations of the House of Representatives; (3) the term Member of Congress — (A) has the meaning given that term under section 2106 of title 5, United States Code; and (B) does not include the Vice President; and (4) the term Senate Budget and Appropriations Chairs means the Chairman of the Committee on the Budget of the Senate and the Chairman of the Committee on Appropriations of the Senate. 3. Timely approval of concurrent resolution on the budget and the appropriations bills Not later than October 1 of each fiscal year, both Houses of Congress shall— (1) approve a concurrent resolution on the budget as described under section 301 of the Congressional Budget and Impoundment Control Act of 1974 ( 2 U.S.C. 632 ) for that the fiscal year