H.R. 5438

119 HR 5438 IH: Incentivize Savings Act
 U.S. House of Representatives
 2025-09-17
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 I  119th CONGRESS  1st Session  H. R. 5438  IN THE HOUSE OF REPRESENTATIVES   September 17, 2025   Mr. McCormick  (for himself,  Mr. Brecheen ,  Mr. Edwards ,  Mr. Baird , and  Mr. Cline ) introduced the following bill; which was referred 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   A BILL
To incentivize Federal agencies to create savings for the American people, and for other purposes.
1.
Short title
This Act may be cited as the   Incentivize Savings Act  .
2.
Special rules for Federal agency budgets and bonuses
(a)
In general
Subchapter I of  chapter 13  of title 31, United States Code, is amended by inserting at the end the following:
1311.
Special rules for unexpended Federal agency appropriations
(a)
In general
If a Federal agency does not expend funds appropriated or otherwise made available to the agency for a definite period during the period of availability of such funds—
(1)
49 percent of such total funds shall remain available for an additional fiscal year;
(2)
49 percent of such total funds shall be used for payments of principal and interest on the public debt; and
(3)
2 percent of such total funds shall be used, not later than the date that is 30 days after the last day of the applicable period of availability, for retention bonuses within such Federal agency under section 5754 of title 5.
(b)
Application
In carrying out subsection (a)(3)—
(1)
notwithstanding such section 5754, any retention bonus paid under such subsection may not exceed an amount equal to 10 percent of the applicable employee’s basic pay; and
(2)
any amounts remaining of such total funds after paying all bonuses under such subsection shall be used for payments of principal and interest on the public debt.
(c)
Budget request
If subsection (a) is applied to the funds of a Federal agency, with respect to the fiscal year following the fiscal year in which the availability of such funds expired, the budget submission of the agency to the Office of Management and Budget, and the budget request for the agency in the President’s annual budget submission to Congress under section 1105(a) of this title, may not be greater than the total amount of the budget request for the agency for the fiscal year in which the availability of such funds expired, adjusted by the percentage change in the Consumer Price Index (all items—United States city average) between such fiscal years.
(d)
Definition of Federal agency
As used in this section, the term  Federal agency  means an Executive agency (as that term is defined in section 105 of title 5) or any other agency of the executive branch of the Federal Government, including the United States Postal Service and the Postal Regulatory Commission, but does not include the American National Red Cross.
 .
(b)
Clerical amendment
The table of contents for such subchapter is amended by inserting after the item relating to section 1310 the following:
1311. Special rules for unexpended Federal agency appropriations.
  .