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119th Congress · House bill · Last action Feb 4, 2026
Bills›Economics and Public Finance›H.R. 5438Congress.gov ↗
H.R. 5438IntroducedEconomics and Public Finance

Incentivize Savings Act

Sponsor: Rep. McCormick, Richard (R-GA)69 cosponsorsIntroduced Sep 17, 2025
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Where it is in the process

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Introduced
Sep 17
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House committee
Feb 4
3
House floor
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4
Senate
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5
Signed
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What happens next: Awaiting committee assignment or hearings in the House.

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Sponsor

Cosponsors (69)

JR
CR
JR
BR
MR
ER
PR
+62
4 Democrats, 65 Republicans (of 69 shown).

Activity timeline

Feb 4
Feb 4
Ordered to be Reported (Amended) by the Yeas and Nays: 25 - 19.
Feb 4
Feb 4
Committee Consideration and Mark-up Session Held
Sep 17
Sep 17, 2025
Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 17
Sep 17, 2025
Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 17
Sep 17, 2025
Introduced in House
Sep 17
Sep 17, 2025
Introduced in House
Read the bill text
Official text via Congress.gov. Opens in a new tab.
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Full action log

All 6 recorded actions since introduction · Source: Congress.gov
2026
Feb 4
HOUSEOrdered to be Reported (Amended) by the Yeas and Nays: 25 - 19.
Feb 4
HOUSECommittee Consideration and Mark-up Session Held
2025
Sep 17
HOUSEReferred to the Committee on Oversight and Government Reform, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 17
HOUSEReferred to the Committee on Oversight and Government Reform, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 17
Introduced in House
Sep 17
Introduced in House

All 69 cosponsors

4 Democrats · 65 Republicans
Democrats (4)
Republicans (65)

In the news

Reform Legislation Will Incentivize Agency Savings over Spending Sprees - National Taxpayers Union
House Oversight Bills Would Cut Wasteful Spending, Boost Efficiency - National Taxpayers Union
Press Release: Congressman Rich McCormick Announces $15 Million in Federal Funding for Georgia's 7th District - Quiver Quantitative
Practical Budget Reforms Take Center Stage at House Budget Committee Member Day - National Taxpayers Union
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