{"bill":{"id":"119-hr-5438","congress":119,"type":"HR","number":5438,"title":"Incentivize Savings Act","originChamber":"House","introducedDate":"2025-09-17","sponsors":[{"bioguideId":"M001218","fullName":"Rep. McCormick, Richard [R-GA-7]","party":"R","state":"GA","district":7}],"cosponsorsCount":69,"latestAction":{"actionDate":"2026-02-04","text":"Ordered to be Reported (Amended) by the Yeas and Nays: 25 - 19."},"policyArea":"Economics and Public Finance","subjects":["Budget deficits and national debt","Budget process","Executive agency funding and structure"],"actions":[{"date":"2026-02-04","text":"Ordered to be Reported (Amended) by the Yeas and Nays: 25 - 19.","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2026-02-04","text":"Committee Consideration and Mark-up Session Held","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-09-17","text":"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.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-09-17","text":"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.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-09-17","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-09-17","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>Incentivize Savings Act</strong></p><p>This bill establishes requirements for allocating unexpended appropriations for federal agencies.</p><p>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</p><ul><li>49% of the funds to remain available for an additional fiscal year,</li><li>49% of the funds to&nbsp;be used for payments of principal and interest on the public debt, and</li><li>2% of the funds to be used for retention bonuses within&nbsp;the agency that do not exceed 10% of an employee's basic pay.</li></ul><p>If an agency's unexpended appropriations are allocated under this bill, the agency's budget request for the fiscal year following the fiscal&nbsp;year in which the funds expired may not exceed the prior year's budget request with an adjustment for inflation.</p>","updateDate":"2026-09-22T14:06:36Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":8007,"ts":"2026-10-14T06:13:27.385Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"https://simplefunctions.dev/api/public/query-gov?q=Incentivize%20Savings%20Act"}]}}