Skip to Content

Do you allow analytics?

We use analytics tools to understand how people use the site. They're optional: if you decline, the site works the same, no analytics cookies are set and Google gets only a cookieless, anonymous count signal. Your votes are saved either way; the details are in the privacy policy.

Referandom is here: Tinder for Congress 🔥

Support Referandom
EconomyH.R. 5438Not Yet VotedComments

Incentivize Savings Act

Official title: To incentivize Federal agencies to create savings for the American people, and for other purposes.

What Do You Think?

How would you vote?

Referandom Vote

Vote to see the result.

How Congress Voted

What Happened in Congress?

Pending

Not yet voted on the floor.

Where the Bill Stands

  1. Introduced, done
  2. Committee, current stage
  3. Floor Vote, not yet
  4. Outcome, not yet

What This Bill Does

This bill establishes requirements for allocating unexpended appropriations for federal agencies.

If appropriations are provided to a federal agency for a definite period and the agency does not spend the funds during the period of availability, the bill requires

  • 49% of the funds to remain available for an additional fiscal year,
  • 49% of the funds to be used for payments of principal and interest on the public debt, and
  • 2% of the funds to be used for retention bonuses within the agency that do not exceed 10% of an employee's basic pay.

If an agency's unexpended appropriations are allocated under this bill, the agency's budget request for the fiscal year following the fiscal year in which the funds expired may not exceed the prior year's budget request with an adjustment for inflation.

Sponsors

Related Documents

Bill on Congress.govWeb Page ↗ (opens in a new tab)

Timeline

  1. House committee actionsCommittee Consideration and Mark-up Session Held
  2. Library of CongressIntroduced in House
  3. House floor actionsReferred to the Committee on Oversight and Government Reform, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  4. Introduced
  5. Committee

Comments

Comments with insults, hate speech or personal information are removed.