Today, Sen. Rand Paul introduced the Bonuses for Cost-Cutters Act, a bipartisan bill introduced with Sen. Begich (D-Ak.), that encourages federal agencies to return unused funds to the taxpayer through bonus incentives.
"Federal agencies have no incentive to identify areas in the budget where savings could be found, due to the current law stating agencies are required to spend all of their allocated money before the end of the year. While agencies with surplus funds rush to spend the funds on frivolous and unnecessary purchases, our national debt continues to dangerously rise," Sen. Paul said. "My bill would reverse the trend toward agency bloat, by eliminating waste fraud and mismanagement and creating surplus budget authority. "
In the 112th Congress, Sen. Paul introduced similar legislation, the Cost Savings Enhancement Act, which was endorsed by good-government groups such as Citizens Against Government Waste and Americans for Prosperity.