# 119-hr-5438: Incentivize Savings Act

119-hr-5438, Incentivize Savings Act, is a 119th Congress bill sponsored by Rep. McCormick, Richard [R-GA-7] (R-GA); status in_committee; PRIA reads it as touching household money (as of 2026-09-24).

- Canonical: https://policyrisk.com/legislation/119-hr-5438
- As of: 2026-09-24
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-5438
- Congress: 119
- Title: Incentivize Savings Act
- Status: in_committee
- Introduced: 2025-09-17
- Sponsor: Rep. McCormick, Richard [R-GA-7] (R-GA)
- Cosponsors: 69
- Policy area: Economics and Public Finance
- Touches household money: yes
- Last recorded action: 2026-09-24

## Summary

**Redirects leftover federal agency appropriations to public-debt payments and small retention bonuses.** This bill would require agencies to divide unspent, time-limited funds so most are used to pay principal and interest on the public debt while a small share can be used quickly for retention bonuses, and it would cap next-year budget requests to the prior year's request adjusted for inflation. - Federal agencies: Unspent funds for a definite period would be split 49% kept available for one more fiscal year, 49% used to pay principal and interest on the public debt, and 2% used within 30 days for retention bonuses. - Federal employees: Retention bonuses funded from the 2% pot may not exceed 10% of an employee's basic pay, and any remaining money after bonuses must go to public-debt payments. - Budget rules and scope: If these rules apply, an agency's next budget submission to OMB and the President cannot exceed the prior year's request adjusted by the percentage change in the Consumer Price Index. The rule covers executive-branch agencies, including the United States Postal Service and the Postal Regulatory Commission, and excludes the American National Red Cross.

## Cosponsors (69)

- Rep. Brecheen, Josh [R-OK-2] (R-OK), 2025-09-17T00:00:00.000Z
- Rep. Edwards, Chuck [R-NC-11] (R-NC), 2025-09-17T00:00:00.000Z
- Rep. Baird, James R. [R-IN-4] (R-IN), 2025-09-17T00:00:00.000Z
- Rep. Cline, Ben [R-VA-6] (R-VA), 2025-09-17T00:00:00.000Z
- Rep. Stutzman, Marlin A. [R-IN-3] (R-IN), 2025-09-18T00:00:00.000Z
- Rep. Burlison, Eric [R-MO-7] (R-MO), 2025-09-30T00:00:00.000Z
- Rep. Fallon, Pat [R-TX-4] (R-TX), 2025-09-30T00:00:00.000Z
- Rep. Van Duyne, Beth [R-TX-24] (R-TX), 2025-09-30T00:00:00.000Z
- Rep. Jackson, Ronny [R-TX-13] (R-TX), 2025-09-30T00:00:00.000Z
- Rep. Self, Keith [R-TX-3] (R-TX), 2025-09-30T00:00:00.000Z
- Rep. Webster, Daniel [R-FL-11] (R-FL), 2025-09-30T00:00:00.000Z
- Rep. Grothman, Glenn [R-WI-6] (R-WI), 2025-10-17T00:00:00.000Z
- Rep. Harrigan, Pat [R-NC-10] (R-NC), 2025-10-17T00:00:00.000Z
- Rep. Cloud, Michael [R-TX-27] (R-TX), 2025-10-21T00:00:00.000Z
- Rep. Shreve, Jefferson [R-IN-6] (R-IN), 2025-10-21T00:00:00.000Z
- Rep. Higgins, Clay [R-LA-3] (R-LA), 2025-10-24T00:00:00.000Z
- Rep. Bergman, Jack [R-MI-1] (R-MI), 2025-11-04T00:00:00.000Z
- Rep. Biggs, Sheri [R-SC-3] (R-SC), 2025-11-10T00:00:00.000Z
- Rep. Donalds, Byron [R-FL-19] (R-FL), 2025-11-19T00:00:00.000Z
- Rep. Miller-Meeks, Mariannette [R-IA-1] (R-IA), 2025-11-19T00:00:00.000Z
- Rep. Salazar, Maria Elvira [R-FL-27] (R-FL), 2025-11-19T00:00:00.000Z
- Rep. Fedorchak, Julie [R-ND-At Large] (R-ND), 2025-11-19T00:00:00.000Z
- Rep. Harshbarger, Diana [R-TN-1] (R-TN), 2025-12-16T00:00:00.000Z
- Rep. Perry, Scott [R-PA-10] (R-PA), 2025-12-16T00:00:00.000Z
- Rep. Palmer, Gary J. [R-AL-6] (R-AL), 2025-12-17T00:00:00.000Z
- Rep. Sessions, Pete [R-TX-17] (R-TX), 2025-12-17T00:00:00.000Z
- Rep. Hamadeh, Abraham J. [R-AZ-8] (R-AZ), 2025-12-17T00:00:00.000Z
- Rep. Johnson, Dusty [R-SD-At Large] (R-SD), 2025-12-17T00:00:00.000Z
- Rep. Smith, Adrian [R-NE-3] (R-NE), 2025-12-17T00:00:00.000Z
- Rep. Gooden, Lance [R-TX-5] (R-TX), 2025-12-17T00:00:00.000Z
- Rep. Hudson, Richard [R-NC-9] (R-NC), 2025-12-17T00:00:00.000Z
- Rep. McGuire, John J. [R-VA-5] (R-VA), 2025-12-17T00:00:00.000Z
- Rep. Fine, Randy [R-FL-6] (R-FL), 2025-12-18T00:00:00.000Z
- Rep. Lee, Laurel M. [R-FL-15] (R-FL), 2026-01-07T00:00:00.000Z
- Rep. Smith, Adam [D-WA-9] (D-WA), 2026-01-08T00:00:00.000Z
- Rep. Barr, Andy [R-KY-6] (R-KY), 2026-01-08T00:00:00.000Z
- Rep. Subramanyam, Suhas [D-VA-10] (D-VA), 2026-01-08T00:00:00.000Z
- Rep. Burchett, Tim [R-TN-2] (R-TN), 2026-01-08T00:00:00.000Z
- Rep. Pfluger, August [R-TX-11] (R-TX), 2026-01-09T00:00:00.000Z
- Rep. Gosar, Paul A. [R-AZ-9] (R-AZ), 2026-01-09T00:00:00.000Z
- Rep. Turner, Michael R. [R-OH-10] (R-OH), 2026-01-09T00:00:00.000Z
- Rep. Owens, Burgess [R-UT-4] (R-UT), 2026-01-12T00:00:00.000Z
- Rep. Carter, Earl L. "Buddy" [R-GA-1] (R-GA), 2026-01-12T00:00:00.000Z
- Rep. Gill, Brandon [R-TX-26] (R-TX), 2026-01-12T00:00:00.000Z
- Rep. Moore, Blake D. [R-UT-1] (R-UT), 2026-01-12T00:00:00.000Z
- Rep. Crane, Elijah [R-AZ-2] (R-AZ), 2026-01-13T00:00:00.000Z
- Rep. Mills, Cory [R-FL-7] (R-FL), 2026-01-13T00:00:00.000Z
- Rep. Davis, Donald G. [D-NC-1] (D-NC), 2026-01-13T00:00:00.000Z
- Rep. Lawler, Michael [R-NY-17] (R-NY), 2026-01-13T00:00:00.000Z
- Rep. Moskowitz, Jared [D-FL-23] (D-FL), 2026-01-13T00:00:00.000Z
- Rep. Boebert, Lauren [R-CO-4] (R-CO), 2026-01-13T00:00:00.000Z
- Rep. Houchin, Erin [R-IN-9] (R-IN), 2026-01-13T00:00:00.000Z
- Rep. Fong, Vince [R-CA-20] (R-CA), 2026-01-13T00:00:00.000Z
- Rep. Gimenez, Carlos A. [R-FL-28] (R-FL), 2026-01-13T00:00:00.000Z
- Rep. DesJarlais, Scott [R-TN-4] (R-TN), 2026-01-14T00:00:00.000Z
- Rep. Langworthy, Nicholas A. [R-NY-23] (R-NY), 2026-01-14T00:00:00.000Z
- Rep. Collins, Mike [R-GA-10] (R-GA), 2026-01-14T00:00:00.000Z
- Rep. Jack, Brian [R-GA-3] (R-GA), 2026-01-20T00:00:00.000Z
- Rep. Luna, Anna Paulina [R-FL-13] (R-FL), 2026-01-20T00:00:00.000Z
- Rep. Timmons, William R. [R-SC-4] (R-SC), 2026-01-20T00:00:00.000Z
- Rep. Mace, Nancy [R-SC-1] (R-SC), 2026-01-20T00:00:00.000Z
- Rep. Miller, Max L. [R-OH-7] (R-OH), 2026-01-20T00:00:00.000Z
- Rep. Loudermilk, Barry [R-GA-11] (R-GA), 2026-01-21T00:00:00.000Z
- Rep. Foxx, Virginia [R-NC-5] (R-NC), 2026-01-22T00:00:00.000Z
- Rep. Smucker, Lloyd [R-PA-11] (R-PA), 2026-02-02T00:00:00.000Z
- Rep. Van Epps, Matt [R-TN-7] (R-TN), 2026-02-02T00:00:00.000Z
- Rep. Fleischmann, Charles J. "Chuck" [R-TN-3] (R-TN), 2026-02-09T00:00:00.000Z
- Rep. Begich, Nicholas J. [R-AK-At Large] (R-AK), 2026-02-11T00:00:00.000Z
- Rep. Evans, Gabe [R-CO-8] (R-CO), 2026-03-03T00:00:00.000Z

## Provisions PRIA read

- Split agencies' unspent funds for debt: mixed, high. If enacted, this bill would require that when a Federal agency fails to spend money made available for a fixed period, the unspent total would be split. Forty-nine percent would remain available for one more fiscal year. Forty-nine percent would be used to pay principal and interest on the public d…

## Related bills

- 119-hr-425: Repealing Big Brother Overreach Act
- 119-hr-1628: 761st Tank Battalion Congressional Gold Medal Act
- 119-hr-38: Constitutional Concealed Carry Reciprocity Act of 2025
- 119-hr-1502: North Platte Canteen Congressional Gold Medal Act
- 119-hr-703: Main Street Tax Certainty Act
- 119-hres-719: Honoring the life and legacy of Charles Charlie James Kirk.

## Sources
- [119-hr-5438 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/5438)

## Related
- [119-hr-425: Repealing Big Brother Overreach Act](https://policyrisk.com/legislation/119-hr-425)
- [119-hr-1628: 761st Tank Battalion Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-1628)
- [119-hr-38: Constitutional Concealed Carry Reciprocity Act of 2025](https://policyrisk.com/legislation/119-hr-38)
- [119-hr-1502: North Platte Canteen Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-1502)
- [119-hr-703: Main Street Tax Certainty Act](https://policyrisk.com/legislation/119-hr-703)
- [119-hres-719: Honoring the life and legacy of Charles Charlie James Kirk.](https://policyrisk.com/legislation/119-hres-719)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-5438 (as of 2026-09-24).