Bonuses for Cost-Cutters Act of 2016

Bill 114 hr 2532, also known as the Bonuses for Cost-Cutters Act of 2016, is a piece of legislation introduced in the US Congress. The main purpose of this bill is to incentivize federal employees to identify and implement cost-saving measures within their respective agencies.

Under this bill, federal employees who successfully identify and implement cost-cutting measures that result in savings for the government would be eligible to receive bonuses. These bonuses would be awarded based on the amount of money saved as a result of the employee's efforts.

The bill also includes provisions for the establishment of a Cost-Cutting Task Force, which would be responsible for overseeing the implementation of cost-saving measures across federal agencies. The Task Force would be tasked with identifying areas where cost-cutting measures could be implemented and providing guidance and support to federal employees in implementing these measures. Overall, the Bonuses for Cost-Cutters Act of 2016 aims to promote efficiency and fiscal responsibility within the federal government by rewarding employees who take proactive steps to reduce costs. It is hoped that this bill will lead to significant savings for the government and ultimately benefit taxpayers.