As part of a joint initiative launched today by the Treasury Department in partnership with the General Services Administration, federal employees who identify wasteful spending in the tax agency’s contracts that ultimately leads to cost reductions could receive a financial award of up to $10,000.

The Savings Award for Verified Efficiencies, or SAVE, program will be applicable across the Treasury Department, which has expanded upon GSA’s previous “Defend the Spend” initiative to create a system wherein eligible Treasury employees can submit cost-savings proposals that, upon verification, can lead to financial rewards.

“Through this strengthened partnership, Treasury and GSA are setting a new standard for responsible stewardship of public funds,” Treasury Secretary Scott Bessent said in a statement. “Together, we are building a cost-saving model that can be scaled across government. We look forward to working with our partners across the Trump Administration to ensure that every taxpayer dollar is spent wisely and efficiently.”

Under the program, non-Senior Executive Services, federal GS or GS-equivalent employees in Treasury can submit proposals for “contract cancellations, descopes or other cost-reducing actions within their program area.” Treasury is comprised of around 100,000 employees, most of whom work in its various bureaus, including the IRS and U.S. Mint.

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