Government Project Reporting: Ending Billion-Dollar Waste
This act aims to increase transparency in government spending. It requires federal agencies to report on large projects that are significantly delayed or have exceeded their budget by over a billion dollars. This will give citizens better insight into how their money is being spent and why some projects cost more than planned.
Key points
Government agencies will be required to annually report on projects that are more than 5 years behind schedule or cost a billion dollars more than estimated.
Reports will include details such as the project's purpose, location, original and current cost and completion date, as well as explanations for delays and cost increases.
The act aims for better control over public spending and preventing taxpayer money waste.
Status:
Expired
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