Incentivize Savings Act

This bill sets rules for what happens when a federal agency doesn't spend all the money it was given by a certain deadline. Under the bill, 49% of the leftover money would stay available for the agency to use for one more year, 49% would go toward paying down the national debt, and 2% would go toward bonuses for employees at that agency, with limits on how big those bonuses can be. If an agency's leftover money is divided up this way, the agency's budget request for the following year cannot be more than what it asked for the year before, adjusted for inflation.

Your Vote