Requires federal agencies to transfer unneeded salary and expense funds that employees identify to the Treasury for deficit reduction, while letting agencies keep up to 10 percent to pay cash awards to those employees.

• Lets federal employees identify unnecessary salaries and expenses funds, with review by the agency's Inspector General or designee and Chief Financial Officer
• Requires agencies to transfer approved surplus funds to the general fund of the Treasury for deficit reduction or debt reduction
• Allows agency heads to retain up to 10 percent of transferred amounts to pay cash awards to the employees who identified the funds
• Prohibits cash awards to agency heads, Executive Schedule Level I officials, and voting members of independent establishments
• Sets a 6-year sunset that removes the surplus funds provisions while keeping the fraud and waste disclosure awards

• Homeland Security and Governmental Affairs Committee (Senate)

Government Operations and Politics