WatchGov

119th Congress

H.R. 5438

Incentivize Savings Act

  1. Introduced
  2. In committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor
Richard McCormick(R-GA)
Introduced
Sep 17, 2025
Policy area
Economics and Public Finance
Committees
House Committee on Oversight and Government Reform; House Committee on the Budget
Official text
Introduced in House · Congress.gov page

Cosponsors (69)

Original cosponsors (4)

Added later (65)

Summary

Summary by the Congressional Research Service· describes the “Introduced in House” version

Incentivize Savings Act 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.

Roll-call votes

No recorded votes on this bill.

Actions