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Increased Transparency for Federal Projects Over Budget or Behind Schedule.

This law mandates annual government reporting on major federal projects that are either five years behind schedule or have exceeded their original budget by at least one billion dollars. The goal is to enhance accountability and improve the management of taxpayer funds by clearly identifying and explaining failures in costly public investments. Citizens gain transparency regarding the use of their money on the largest, most troubled government endeavors.
Key points
Federal agencies must annually report detailed information on projects that are significantly delayed (over 5 years) or have massive cost overruns (over $1 billion).
Reports must include explanations for delays, cost increases, changes in project scope, and details on any bonuses or incentive fees paid to contractors.
The legislation aims to increase government transparency regarding the use of public funds and improve efficiency in major acquisitions and construction efforts.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_S_1258
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2023-04-25
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Billion Dollar Boondoggle Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_1258.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-04-25.

What are the main provisions?

Key points include:

  • Federal agencies must annually report detailed information on projects that are significantly delayed (over 5 years) or have massive cost overruns (over $1 billion).
  • Reports must include explanations for delays, cost increases, changes in project scope, and details on any bonuses or incentive fees paid to contractors.
  • The legislation aims to increase government transparency regarding the use of public funds and improve efficiency in major acquisitions and construction efforts.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Ernst, Joni [R-IA].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4715)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Public Investments Economy