This bill strengthens federal employee reward programs for identifying cost savings and financial inefficiencies within government agencies. Specifically, it allows employees to identify "surplus salaries and expenses funds"—unused budget money that agencies don't need—and requires agencies to transfer those savings to the U.S. Treasury for deficit reduction or debt reduction. Agencies can retain up to 10 percent of identified savings to pay cash bonuses to the employees who found them, with remaining funds available for other agency uses. The bill establishes reporting requirements for agencies and the Treasury Department to track savings achieved and awards given, with the Comptroller General required to report to Congress every three years on how the program operates. High-ranking officials, including agency heads and Executive Schedule level I officers, are prohibited from receiving bonuses under the program. The new provisions sunset after six years unless Congress extends them.
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