The main purpose of this legislation, known as the "No Budget, No Pay Act," is to ensure that Members of Congress do not receive their salaries if they fail to approve a budget and pass the necessary appropriations bills by October 1 of each fiscal year. This aims to encourage timely fiscal responsibility and accountability among lawmakers. Key provisions of the act include a requirement for both the House of Representatives and the Senate to approve a concurrent resolution on the budget and pass all regular appropriations bills by the specified deadline.