Senator Reintroduces Measure to Give Bonuses to ‘Cost-Cutters’
Senator Rand Paul (R-KY) has reintroduced a measure to give bonuses for federal employees who report excess funds in the federal government. The legislation has bipartisan support with Senator Michael Bennet (D-CO) joining as a cosponsor.
Currently, Senator Paul’s office reports that the federal government allows an agency’s Inspector General to pay bonuses of up to $10,000 for savings realized when a federal employee identifies waste, fraud, and mismanagement of funds.
The Bonuses for Cost Cutters Act would expand the categories under which the IG can offer bonuses to include federal employees who identify surplus and unneeded funds within their offices. Under the law, federal employees could report to the IG if their program does not require the funds allocated and receive a bonus for their admission.
“Successfully tackling our debt crisis requires vigilance at all levels of government, from lawmakers in Congress to the employees on the front lines that carry out the day-to-day spending. The pressure in Washington to spend all you can before the end of the fiscal year so you can get even more in the future is enormous. Bonuses for Cost-Cutters pushes back against this status quo, providing additional incentive to save taxpayer resources,” Senator Paul said.
The law ensures 90 percent of the savings are automatically directed toward deficit reduction, with agencies free to apply any remainder toward other agency priorities.
The legislation is currently cosponsored by Senators Mike Lee (R-UT), Joni Ernst (R-IA), John Cornyn (R-TX), Rob Portman (R-OH), Cory Gardner (R-CO), and Mike Enzi (R-WY) along with Senators Bennet and Paul.
Posted in From the Hill