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Federal employee bonuses for identifying government cost savings and surplus funds.

This Act strengthens cash award programs for federal employees who report waste, fraud, or identify surplus salary and expense funds within government agencies. Citizens may benefit indirectly as identified unnecessary funds are transferred to the Treasury for deficit or debt reduction. Agencies can retain up to 10% of the saved amounts to fund employee awards and other agency uses.
Key points
Introduction of the definition 'surplus salaries and expenses funds' that employees can identify for savings.
Employees who identify surpluses may receive cash awards from a pool of up to 10% of the saved amount.
Identified surplus funds are transferred to the Treasury and used for Federal deficit or debt reduction.
The Act prohibits top officials (e.g., agency heads, board members) from receiving these cash awards.
These provisions are temporary and will expire 6 years after the Act's enactment.
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Expired
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Additional Information
Print number: 118_S_812
Sponsor: Sen. Paul, Rand [R-KY]
Process start date: 2023-03-15
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Bonuses for Cost-Cutters Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_812.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-15.

What are the main provisions?

Key points include:

  • Introduction of the definition 'surplus salaries and expenses funds' that employees can identify for savings.
  • Employees who identify surpluses may receive cash awards from a pool of up to 10% of the saved amount.
  • Identified surplus funds are transferred to the Treasury and used for Federal deficit or debt reduction.
  • The Act prohibits top officials (e.g., agency heads, board members) from receiving these cash awards.
  • These provisions are temporary and will expire 6 years after the Act's enactment.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Paul, Rand [R-KY].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Economy Public Investments