119th Congress Economics and Public Finance
H.R. 5438: Incentivize Savings Act
In Committee
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Read the full summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- James Baird R-INOriginal
- Josh Brecheen R-OKOriginal
- Ben Cline R-VAOriginal
- Charles (Chuck) Edwards R-NCOriginal
- Marlin Stutzman R-IN
- Eric Burlison R-MO
- Patrick Fallon R-TX
- Ronny Jackson R-TX
- Keith Self R-TX
- Beth Van Duyne R-TX
- Daniel Webster R-FL
- Glenn Grothman R-WI
- Pat Harrigan R-NC
- Michael Cloud R-TX
- Jefferson Shreve R-IN
- Clay Higgins R-LA
- Jack Bergman R-MI
- Sheri Biggs R-SC
- Byron Donalds R-FL
- Julie Fedorchak R-ND
- Mariannette Miller-Meeks R-IA
- Maria Salazar R-FL
- Diana Harshbarger R-TN
- Scott Perry R-PA
- Lance Gooden R-TX
- Richard Hudson R-NC
- Abraham Hamadeh R-AZ
- Dusty Johnson R-SD
- John McGuire R-VA
- Gary Palmer R-AL
- Pete Sessions R-TX
- Adrian Smith R-NE
- Randall Fine R-FL
- Laurel Lee R-FL
- Garland Barr R-KY
- Tim Burchett R-TN
- Adam Smith D-WA
- Suhas Subramanyam D-VA
- Paul Gosar R-AZ
- August Pfluger R-TX
- Michael Turner R-OH
- Earl Carter R-GA
- Brandon Gill R-TX
- Blake Moore R-UT
- Clarence Owens R-UT
- Lauren Boebert R-CO
- Eli Crane R-AZ
- Donald Davis D-NC
- Vince Fong R-CA
- Carlos Gimenez R-FL
- Erin Houchin R-IN
- Michael Lawler R-NY
- Cory Mills R-FL
- Jared Moskowitz D-FL
- Mike Collins R-GA
- Scott DesJarlais R-TN
- Nicholas Langworthy R-NY
- Brian Jack R-GA
- Anna Luna R-FL
- Nancy Mace R-SC
- Max Miller R-OH
- William Timmons R-SC
- Barry Loudermilk R-GA
- Virginia Foxx R-NC
- Lloyd Smucker R-PA
- Matt Van Epps R-TN
- Charles Fleischmann R-TN
- Nicholas Begich R-AK
- Gabe Evans R-CO
Who scored on this bill
- 1Rich McCormick SponsorIntroduced, reached a cosponsor milestone, drew cross-party cosponsors, marked up5 events+30
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Rich McCormick
- H.R. 7962: Export Dispute Resolution Act
- H.R. 7649: Humanitarian Theft Enforcement Act
- H.R. 1486: Economic Espionage Prevention Act
- H.R. 8361: Economic Espionage Prevention Act
- H.R. 6602: To amend the Export Control Reform Act of 2018 relating to the review of the interagency dispute resolution process.
- H.R. 3915: Aviation Weather Improvement Act
History
- Introduced in the House by Rich McCormick.
Show the full action history (4 actions)
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported (Amended) by the Yeas and Nays: 25 - 19.
- Introduced in House
- 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.