This Act may be cited as the Taxpayer Funded Compensation Accountability Act.

(a) Definition In this section, the term political position — (1) means— (A) a position described under sections 5312 through 5316 of title 5, United States Code (relating to the Executive Schedule); (B) a noncareer position in the Senior Executive Service, as described under section 3132(a)(7) of that title; (C) a position in the executive branch of the Government of a confidential or policy-determining character under schedule C of subpart C of part 213 of title 5, Code of Federal Regulations; (D) a position which has been excepted from the competitive service by reason of its confidential, policy-determining, policy-making, or policy-advocating character; (E) a position described in section 105 of title 3, United States Code; or (F) a position as a special Government employee (as defined in section 202 of title 18, United States Code), except for a member of the Armed Forces serving in such a position; and (2) does not include the position of Vice President. (b) Limitation Notwithstanding any other provision of law, the annual rate of basic pay that is payable for service in a political position may not be in excess of the annual rate of basic pay for a Senator or Member of the House of Representatives.