H.R. 5438: Incentivize Savings Act

119th Congress · introduced 2025-09-17 · Economics and Public Finance · Latest: Ordered to be Reported (Amended) by the Yeas and Nays: 25 - 19.

federal

What does this mean?

Official title

Incentivize Savings Act

Plain summary

Incentivize Savings Act 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. 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.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Incentivize Savings Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Officials and money

Sponsor: Rep. McCormick, Richard [R-GA-7] · 69 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Josh Brecheen (R-OK), Chuck Edwards (R-NC), James R. Baird (R-IN), Ben Cline (R-VA), Marlin A. Stutzman (R-IN), Eric Burlison (R-MO), Pat Fallon (R-TX), Beth Van Duyne (R-TX), Ronny Jackson (R-TX), Keith Self (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), Mariannette Miller-Meeks (R-IA), Maria Elvira Salazar (R-FL), Julie Fedorchak (R-ND), Diana Harshbarger (R-TN), Scott Perry (R-PA), Gary J. Palmer (R-AL), Pete Sessions (R-TX), Abraham J. Hamadeh (R-AZ), Dusty Johnson (R-SD), Adrian Smith (R-NE), Lance Gooden (R-TX), Richard Hudson (R-NC), John J. McGuire III (R-VA), Randy Fine (R-FL), Laurel M. Lee (R-FL), Adam Smith (D-WA), Andy Barr (R-KY), Suhas Subramanyam (D-VA), Tim Burchett (R-TN), August Pfluger (R-TX), Paul A. Gosar (R-AZ), Michael R. Turner (R-OH), Burgess Owens (R-UT), Earl L. "Buddy" Carter (R-GA), Brandon Gill (R-TX), Blake D. Moore (R-UT), Elijah Crane (R-AZ), Cory Mills (R-FL), Donald G. Davis (D-NC), Michael Lawler (R-NY), Jared Moskowitz (D-FL), Lauren Boebert (R-CO), Erin Houchin (R-IN), Vince Fong (R-CA), Carlos A. Gimenez (R-FL), Scott DesJarlais (R-TN), Nicholas A. Langworthy (R-NY), Mike Collins (R-GA), Brian Jack (R-GA), Anna Paulina Luna (R-FL), William R. Timmons IV (R-SC) and 9 more.

Sponsor's campaign money: Rep. McCormick, Richard [R-GA-7] reported raising $2.3 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Words on this page, explained (3)

Appropriation: Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Fiscal year: The 12-month period a government uses for its budget. The federal fiscal year runs from October 1 to September 30 and is named for the calendar year in which it ends. Most states use July 1 to June 30.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr5438.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr5438 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills