Bonuses for Cost-Cutters: Increased Rewards for Federal Employees
This act increases cash awards for federal employees who identify wasteful spending within government agencies, leading to cost savings. The goal is to encourage more efficient use of taxpayer money by incentivizing the detection of unnecessary expenses, potentially leading to better public fund management.
Key points
Maximum award for identifying cost savings increases from $10,000 to $20,000.
The definition of 'wasteful expenses' is expanded to include funds for salaries, operations, and other accounts not required for their original purpose.
Agencies must report potential wasteful expenses to the President for possible rescission.
Annual reporting by agencies on identified wasteful expenses and awarded bonuses is now required.
The Office of Personnel Management will oversee agency compliance with the new award program rules.
Status:
Introduced
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