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Annual Report Mandated for Federal Projects Over Budget or Behind Schedule.

This law mandates increased transparency regarding federal spending by requiring government agencies to report annually on major projects that are significantly delayed (over five years) or exceed their original cost estimate by at least one billion dollars. This ensures the public and Congress receive clear, detailed information about how taxpayer money is being spent on failing investments, promoting greater accountability.
Key points
Federal agencies must publicly disclose details on large projects (e.g., construction, defense acquisitions) that are $1 billion over budget or five years behind schedule.
Reports must include explanations for delays, cost increases, and details regarding any bonuses or incentive fees paid to contractors despite project failures.
The Office of Management and Budget (OMB) will publish this annual report online, making it easier for citizens to track public spending failures.
article Official text account_balance Process page
Passed Senate
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_766
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2025-02-27
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 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_766.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-27.

What are the main provisions?

Key points include:

  • Federal agencies must publicly disclose details on large projects (e.g., construction, defense acquisitions) that are $1 billion over budget or five years behind schedule.
  • Reports must include explanations for delays, cost increases, and details regarding any bonuses or incentive fees paid to contractors despite project failures.
  • The Office of Management and Budget (OMB) will publish this annual report online, making it easier for citizens to track public spending failures.
What is the specific legal status?

The current status is Passed Senate.

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: Passed Senate without amendment by Unanimous Consent. (consideration: CR S8693-8694; text: CR S8693-8694)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Public Investments Economy