Government Project Reporting: Ending Taxpayer Waste
This new law aims to increase transparency in public spending. It requires annual reports on large government projects that are over budget by a billion dollars or more, or are more than five years behind schedule. This will allow citizens to better track how their money is spent and whether projects are being carried out efficiently.
Key points
Mandatory annual reporting for government projects that are significantly delayed or have exceeded their budget by at least one billion dollars.
Reports will include project details such as purpose, location, contractors, original and current costs and timelines, as well as explanations for delays and cost increases.
This information will be publicly available on the Office of Management and Budget website, increasing citizen oversight of public spending.
Status:
Introduced
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