Bonuses for Cost-Cutters: Increased Rewards for Federal Employees
This act aims to increase cash awards for federal employees who report wasteful spending within government agencies, leading to cost savings. The changes are designed to encourage the identification of unnecessary expenses, potentially leading to more efficient use of taxpayer money.
Key points
Maximum award for reporting wasteful expenses increased from $10,000 to $20,000.
Definition of 'wasteful expenses' introduced as funds not required for their intended purpose.
Mandatory reporting of identified wasteful expenses to the President for potential rescission of funds.
Increased transparency: agencies must publish information on reported wasteful expenses and awards granted.
Exclusion of Inspector General's office employees and individuals already ineligible for awards from the program.
Status:
Expired
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