Bonuses for Cost-Cutters Act of 2023

This bill creates a program allowing federal employees to identify unnecessary spending ("surplus salaries and expenses funds") in their agencies. If identified funds meet specific criteria (e.g., determined unnecessary by the Inspector General and Chief Financial Officer), the agency head must transfer the amount to the Treasury for deficit reduction (or debt reduction if no deficit exists), but may retain up to 10% of the transferred funds to pay cash bonuses to the employees who found the savings. Agencies must submit annual reports to the Treasury detailing savings, bonus awards, and the merit of employee disclosures. The program expires 6 years after enactment.