Efficiency in Government Act

[AI summary unavailable — showing source text] Efficiency in Government Act - Requires Federal executive agencies to: (1) review the functions and activities presently performed by their employees or contracted to the private sector to determine if they are being carried out in the most efficient and cost-effective manner possible; and (2) identify and implement the most efficient organization of employees to perform those functions and activities. Authorizes agencies to enter into contracts for conversion of a function or activity from performance by Federal employees to performance by employees of a Government contractor three years after such organization is implemented if: (1) the cost to the Government over five years under a such contract is determined by a risk-benefit study to be at least 15 percent lower than if performed by Federal employees; (2) the quantity or quality of service under such a contract is maintained or enhanced; and (3) the function or activity does not constitute a governmental function. Requires agencies entering into such a contract to maintain continuing oversight to determine the extent to which: (1) the actual costs substantially exceed those anticipated under the contract; or (2) the function c…