H.R. 5438 · 119th Congress · 2025–2026
Incentivize Savings Act
H.R. 5438 in the 119th Congress (2025–2026) was introduced on Sep 17, 2025, sponsored by Richard McCormick with 69 co-sponsors.
During the 119th Congress (2025–2026), Donald Trump was president, and Republicans held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Sep 17, 2025
- Co-sponsors
- 69
- Policy area
- Economics and Public Finance
What it does
Incentivize Savings Act This bill establishes requirements for allocating unexpended appropriations for federal agencies. If appropriations are provided to a federal agency for a definite period and the agency does not spend the funds during the period of availability, the bill requires 49% of the funds to remain available for an additional fiscal year, 49% of the funds to be used for payments of principal and interest on the…
Summary by the nonpartisan Congressional Research Service.
Sponsor
Richard McCormick (R-GA). Co-sponsors: 4 Democrats, 65 Republicans.
Where it stands
- IntroducedSep 17, 2025
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Ordered to be Reported (Amended) by the Yeas and Nays: 25 - 19. (Feb 4, 2026)
More bills from Richard McCormick in the 119th Congress
- H.R. 742: PROTECTS Act of 2025
- H.R. 4704: ROTOR Act
- H.R. 8938: Biotechnology Workforce Alignment Act of 2026
- H.R. 9755: Biotechnology Diplomacy Leadership Act of 2026
- H.R. 9919: Ban Birth Tourism Act of 2026
- H.R. 9991: STOP the SWAMP Act
- H.R. 10501: Communist Control Act of 2026
- H.R. 10784: To amend the Internal Revenue Code of 1986 to provide home ownership assistance, and for other…
Other Economics and Public Finance bills in the 119th Congress
- H.R. 1968: Full-Year Continuing Appropriations and Extensions Act, 2025
- H.R. 1: One Big Beautiful Bill Act
- H.R. 4: Rescissions Act of 2025
- H.R. 5371: Continuing Appropriations and Extensions Act, 2026
- H.R. 6938: Commerce, Justice, Science; Energy and Water Development; and Interior and Environment…
- H.R. 7148: Consolidated Appropriations Act, 2026
- H.R. 7147: Homeland Security and Further Additional Continuing Appropriations Act, 2026.
- H.R. 6500: AGOA Extension Act
- H.J.Res. 139: Proposing an amendment to the Constitution of the United States requiring a balanced budget for…
- S. 2572: Department of Defense Appropriations Act, 2026
Committees
- Oversight and Government Reform Committee
- Budget Committee
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 5438 (119th Congress): Incentivize Savings Act,” https://www.capitolreceipts.com/bill/119-hr-5438/incentivize-savings-act (accessed 2026-10-15).