Saving Over Spending Act

Saving Over Spending Act - Allows 50% of any unobligated balance of an appropriated amount available for salaries and expenses that would otherwise expire at the end of a fiscal year to remain available for expenditure for the subsequent fiscal year and allocates the other 50% for deficit reduction.

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3376 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 3376

 To curb wasteful spending by making 50 percent of year-end savings in 
 salaries and expenses available for an additional fiscal year, and to 
   use the remaining 50 percent for the purpose of deficit reduction.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 4, 2011

Mr. Schilling introduced the following bill; which was referred to the 
              Committee on Oversight and Government Reform

_______________________________________________________________________

                                 A BILL


 
 To curb wasteful spending by making 50 percent of year-end savings in 
 salaries and expenses available for an additional fiscal year, and to 
   use the remaining 50 percent for the purpose of deficit reduction.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Saving Over Spending Act''.

SEC. 2. EXTENSION OF AVAILABILITY OF YEAR-END SAVINGS IN SALARIES AND 
              EXPENSES.

    (a) Application to 50 Percent of Savings.--Section 1502 of title 
31, United States Code, is amended--
            (1) in subsection (a), by striking ``The'' and inserting 
        ``Except as provided in subsection (c), the''; and
            (2) by adding at the end the following new subsection:
    ``(c) Notwithstanding subsection (a), 50 percent of an unobligated 
balance available for salaries and expenses that would otherwise expire 
at the end of a fiscal year shall remain available for expenditure for 
the subsequent fiscal year, and 50 percent shall be used for the 
purpose of deficit reduction on return to the general fund of the 
Treasury. Unobligated balances carried forward to a subsequent fiscal 
year under this subsection may not be taken into account in determining 
the amount by which an agency will be funded for such subsequent fiscal 
year.''.
    (b) Effective Date.--The amendments made by subsection (a) shall be 
effective with respect to unobligated balances of amounts made 
available after the date of the enactment of this Act.
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