S 766
Billion Dollar Boondoggle Act of 2025
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Bill overview
This bill, the Billion Dollar Boondoggle Act of 2025, requires the Office of Management and Budget (OMB) to annually collect and report information on federally funded projects that are significantly behind schedule or have exceeded their original cost estimates by at least $1 billion. The bill directs federal agencies to provide detailed information about these projects, including their purpose, scope, costs, and reasons for delays or overspending. OMB will then compile this data into an annual report for Congress and make it publicly available.
Key provisions
- Federal agencies must annually submit information on projects exceeding cost or schedule.
- Projects must be more than 5 years behind schedule or have expenditures at least $1 billion over the original estimate.
- The submission includes a project description, scope changes, original and current completion dates, and adjusted cost estimates.
- Adjustments to cost estimates will consider inflation (Consumer Price Index).
- Agencies must explain any delays or cost increases, including appropriation issues.
- The report must identify primary contractors, subcontractors, grant recipients, and subgrantee recipients.
- OMB will issue guidance to agencies on the required information.
- The annual report will be posted on the OMB website and submitted to Congress.
Who is affected
- Federal Agencies
- Congress
- Taxpayers
- Executive Branch
- Independent Regulatory Agencies
Notable changes
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119th CONGRESS — 1st Session
S. 766
IN THE SENATE OF THE UNITED STATES
A BILL
To require an annual report of taxpayer-funded projects that are over budget and behind schedule.
This Act may be cited as the Billion Dollar Boondoggle Act of 2025
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The Director shall submit to Congress and post on the website of the Office of Management and Budget an annual report containing the information submitted under paragraph (1) for the relevant year.