Sponsors (3)
The bill increases public transparency and congressional oversight of very large or very late federal projects—encouraging accountability and better contractor market signals—at the cost of added administrative burden, potential perverse incentives to avoid reporting thresholds, and risks of exposing commercially or nationally sensitive information.
Taxpayers and Congress gain standardized, public annual reports on major federal projects (those >5 years late or >$1B over budget) detailing scope, cost, schedule, contractors, and explanations, improving transparency and accountability.
Federal agencies and project managers face stronger incentives to control cost overruns and schedule delays because required public reporting will expose awards, bonuses, and explanations for increases.
Public availability of contractor and subcontractor information helps improve market discipline and contractor selection for future procurements by letting buyers and competitors see performance and relationships.
Defense and other sensitive acquisition program details could be exposed through public reports, creating national-security risks if adversaries glean operationally useful information.
Federal agencies and project teams will incur ongoing administrative costs to collect, CPI-adjust, and report detailed data annually, diverting staff time and budget from program execution.
Programs narrowly below the thresholds (5 years or $1B) receive no reporting, creating perverse incentives to restructure or split projects to avoid visibility and external scrutiny.
Based on analysis of 2 sections of legislative text.
Requires the Office of Management and Budget (OMB) to issue guidance within one year directing all executive and independent federal agencies to submit annual reports on any agency project that is more than five years behind schedule or has cost overruns of $1 billion or more. Agencies must provide project metadata, original and current costs and schedules (adjusted for CPI‑U), explanations for delays or overruns, and contractor/award details; OMB must compile, deliver to Congress, and publish an annual report.
Introduced February 27, 2025 by Mariannette Miller-Meeks · Last progress February 27, 2025