Official Summaries

Billion Dollar Boondoggle Act of 2025

This bill requires the Office of Management and Budget (OMB) to collect information from federal agencies and report to Congress regarding projects that are behind schedule or have expenditures that have exceeded the original cost estimate. 

Specifically, the bill requires OMB to issue guidance directing federal agencies to annually submit specified information to OMB regarding certain federally funded projects that (1) are more than five years behind schedule, or (2) have expenditures that are at least $1 billion more than the original cost estimate for the project. 

Among other information, the agencies must submit to OMB

• a description of each project;
• an explanation of any change to the original scope of the project;
• the original and current expected dates for the completion of the project;
• the original and current cost estimates adjusted for inflation; 
• an explanation for any delays in completing the project or increases in the cost; and
• the amount of and rationale for any award, incentive fee, or other type of bonus awarded for the project.

The bill also requires OMB to submit an annual report to Congress containing the information submitted by the agencies and post the report on the OMB website. 

Current Full Text

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 766 Engrossed in Senate (ES)]

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119th CONGRESS
  1st Session
                                 S. 766

_______________________________________________________________________

                                 AN ACT


 
 To require an annual report of taxpayer-funded projects that are over 
                      budget and behind schedule.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Billion Dollar Boondoggle Act of 
2025''.

SEC. 2. ANNUAL REPORT.

    (a) Definitions.--In this section--
            (1) the term ``covered agency'' means--
                    (A) an Executive agency, as defined in section 105 
                of title 5, United States Code; and
                    (B) an independent regulatory agency, as defined in 
                section 3502 of title 44, United States Code;
            (2) the term ``covered project'' means a project funded by 
        a covered agency--
                    (A) that is more than 5 years behind schedule, as 
                measured against the original expected date for 
                completion; or
                    (B) for which the amount spent on the project is 
                not less than $1,000,000,000 more than the original 
                cost estimate for the project;
            (3) the term ``Director'' means the Director of the Office 
        of Management and Budget; and
            (4) the term ``project'' means a major acquisition, a major 
        defense acquisition program (as defined in section 4201 of 
        title 10, United States Code), a procurement, a construction 
        project, a remediation or clean-up effort, or any other time-
        limited endeavor, that is not funded through direct spending 
        (as defined in section 250(c) of the Balanced Budget and 
        Emergency Deficit Control Act of 1985 (2 U.S.C. 900(c))).
    (b) Requirements.--
            (1) Submission.--Not later than 1 year after the date of 
        enactment of this Act, the Director shall issue guidance 
        requiring covered agencies to, on an annual basis, submit to 
        the Director information relating to each covered project of 
        the covered agency, which shall include--
                    (A) a brief description of the covered project, 
                including--
                            (i) the purpose of the covered project;
                            (ii) each location in which the covered 
                        project is carried out;
                            (iii) the contract or award number of the 
                        covered project, where applicable;
                            (iv) the year in which the covered project 
                        was initiated;
                            (v) the Federal share of the total cost of 
                        the covered project; and
                            (vi) each primary contractor, 
                        subcontractor, grant recipient, and subgrantee 
                        recipient of the covered project;
                    (B) an explanation of any change to the original 
                scope of the covered project, including by the addition 
                or narrowing of the initial requirements of the covered 
                project;
                    (C) the original expected date for completion of 
                the covered project;
                    (D) the current expected date for completion of the 
                covered project;
                    (E) the original cost estimate for the covered 
                project, as adjusted to reflect increases in the 
                Consumer Price Index for All Urban Consumers, as 
                published by the Bureau of Labor Statistics;
                    (F) the current cost estimate for the covered 
                project, as adjusted to reflect increases in the 
                Consumer Price Index for All Urban Consumers, as 
                published by the Bureau of Labor Statistics;
                    (G) an explanation for a delay in completion or an 
                increase in the original cost estimate for the covered 
                project, including, where applicable, any impact of 
                insufficient or delayed appropriations; and
                    (H) the amount of and rationale for any award, 
                incentive fee, or other type of bonus, if any, awarded 
                for the covered project.
            (2) Report.--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.

            Passed the Senate December 11, 2025.

            Attest:

                                                             Secretary.
119th CONGRESS

  1st Session

                                 S. 766

_______________________________________________________________________

                                 AN ACT

 To require an annual report of taxpayer-funded projects that are over 
                      budget and behind schedule.