Requires federal agencies to split any appropriated funds they leave unspent at the end of their availability period, sending most of the money to public debt payments and a small share to employee retention bonuses.

• Keeps 49 percent of unspent agency funds available for one additional fiscal year and sends another 49 percent to pay principal and interest on the public debt.
• Sends 2 percent of unspent funds to retention bonuses for agency employees, with each bonus capped at 10 percent of the employee's basic pay, and sends any leftover amount to public debt payments.
• Caps an agency's next-year budget request at the prior year's request adjusted by the Consumer Price Index when these rules apply.
• Covers executive agencies, including the United States Postal Service and the Postal Regulatory Commission, but excludes the American National Red Cross.

• Budget Committee (House)
• Oversight and Government Reform Committee (House)

Economics and Public Finance