A bill to amend title 5, United States Code, with respect to certain programs under which awards may be made to Federal employees for superior accomplishments or cost savings disclosures, and for other purposes.

[AI summary unavailable — showing source text] Amends Federal law to increase the authorized amount of agency awards for cost savings disclosures to not more than five percent of the savings to an agency, or not more than $20,000. (Current provisions authorize not more than $10,000, or not more than one percent of the savings to an agency.) Requires such awards to be paid out of amounts appropriated to the agency for employee salaries and expenses. Increases the authorized amount of presidential awards for cost savings disclosures from $20,000 to $40,000. Authorizes the Inspector General of the Department of Defense to establish a program of awards to any individual or entity whose disclosure of fraud, waste, or mismanagement in the course of performing a contract has resulted or may reasonably be expected to result in cost savings. Revises the method of determining the amount of cash awards for superior accomplishments. Establishes reporting requirements for each agency concerning such program.…