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 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 state that if Congress does not approve a concurrent resolution on the budget and pass all regular appropriations bills by the deadline, members will not be paid starting from October 1.