Congressman Fleischmann Introduces Bill Encouraging Government Savings

May 9, 2013

Congressman Fleischmann Introduces Bill Encouraging Government Savings

WASHINGTON− Congressman Chuck Fleischmann today introduced the Employees of America Streamlining for Your (EASY) Savings Act of 2013.  The bill creates incentives for federal agencies to find areas of savings and requires those savings to be used to pay down the national debt.  The bill has companion legislation sponsored in the Senate by Sen. Rand Paul (R-KY).   

 “Currently federal agencies are required to spend every cent they are allocated.  In this time of immense deficit spending this is a good common-sense bill that will encourage federal agencies to take a proactive approach to saving taxpayer dollars.  I am pleased to work with Senator Paul on this bill that will bring lessons learned from the private sector to the federal government.  As taxpayer owned companies across our nation already do, this bill rewards employees for finding savings.  Those dollars would then be returned to the treasury for the singular purpose of paying down our national debt,” Fleischmann said.

In supporting the EASY Savings Act the National Taxpayers Union said, “Empowering federal workers to be more than bystanders, as much-needed spending cuts proceed, will result in targeted savings and increased accountability throughout the federal government. As we work to get our fiscal house in order, taxpayers need more legislation like the EASY Savings Act, pursuing savings large and small wherever they may be found. “

The bipartisan bill also has the support of Americans For Prosperity (AFP). “In order to bring spending reform to Washington, we need to make fundamental changes such as improving the incentive structure.  The EASY Savings Act would provide better incentives for federal agencies and grant recipients to return unused funds for deficit reduction," said James Valvo, Director of Policy at Americans For Prosperity.

The City of Phoenix, Arizona used a similar suggestion program to save at least $3.3 million during the 2011-2012 fiscal year.

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