This bill is designed to shine a light on federal projects that are going seriously off track. It requires the Office of Management and Budget to collect information from federal agencies about any major projects that are either more than five years behind schedule or have cost overruns of at least $1 billion beyond what was originally budgeted. Once a year, agencies have to report details about these troubled projects to OMB, including what the project is, why it's delayed or over budget, what the original timeline and costs were compared to current estimates, and whether anyone received bonuses or incentive payments despite the problems. OMB then has to compile all this information into a public report that goes to Congress and gets posted online for anyone to see. Essentially, this bill creates a tracking system and public accountability mechanism for the government's biggest project failures, making it harder for wasteful spending or mismanagement to stay hidden.

Billion Dollar Boondoggle Act of 2025

Ernst, Joni

Billion Dollar Boondoggle Act of 2025This 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.&nbsp;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.&nbsp;Among other information, the agencies must submit to OMB<ul><li>a description of each project;</li><li>an explanation of any change to the original scope of the project;</li><li>the original and current expected dates for the completion of the project;</li><li>the original and current cost estimates adjusted for inflation;&nbsp;</li><li>an explanation for any delays in completing the project or increases in the cost; and</li><li>the amount of and rationale for any award, incentive fee, or other type of bonus awarded for the project.</li></ul>The bill also requires OMB to submit an annual report to Congress containing the information submitted by the agencies&nbsp;and post the report on the OMB website.&nbsp;