Congressman Rich McCormick introduces the Incentivize Savings Act to promote fiscal responsibility within federal agencies.
Quiver AI Summary
Congressman Rich McCormick has introduced the Incentivize Savings Act, aimed at reforming federal spending practices. With federal agency expenditures rising significantly, the Act seeks to encourage agencies to save rather than exhaust their budgets, redistributing unspent funds to assist in paying down the national debt and providing retention bonuses.
McCormick stated, "Our nation's fiscal situation is on a horrible, unsustainable trajectory," emphasizing the need for incentives that promote responsible fiscal management. The legislation builds on successful savings initiatives, claiming to have saved the government $205 billion under the Department of Government Efficiency.
The full text of the Incentivize Savings Act can be accessed online, and McCormick's proposal represents a potential shift in how federal agencies approach budgeting and spending.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Richard McCormick Net Worth
Quiver Quantitative estimates that Richard McCormick is worth $1.3M, as of September 17th, 2025. This is the 309th highest net worth in Congress, per our live estimates.
McCormick has approximately $318.7K invested in publicly traded assets which Quiver is able to track live.
You can track Richard McCormick's net worth on Quiver Quantitative's politician page for McCormick.
Richard McCormick Bill Proposals
Here are some bills which have recently been proposed by Richard McCormick:
- H.R.4704: ROTOR Act
- H.R.4042: STATES Act
- H.R.1486: Economic Espionage Prevention Act
- H.R.874: To amend title 38, United States Code, to modify the rate of pay for care or services provided under the Community Care Program of the Department of Veterans Affairs based on the location at which such care or services were provided, and for other purposes.
- H.R.873: To amend title 10, United States Code, to modify the rate of pay for care or services provided under the TRICARE program based on the location at which such care or services were provided.
- H.R.742: PROTECTS Act of 2025
You can track bills proposed by Richard McCormick on Quiver Quantitative's politician page for McCormick.
Richard McCormick Fundraising
Richard McCormick recently disclosed $97.1K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 620th most from all Q2 reports we have seen this year. 50.1% came from individual donors.
McCormick disclosed $439.9K of spending. This was the 103rd most from all Q2 reports we have seen from politicians so far this year.
McCormick disclosed $592.4K of cash on hand at the end of the filing period. This was the 425th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Richard McCormick's fundraising on Quiver Quantitative.
