Sponsors (4)
This legislation requires the Office of Management and Budget (OMB) to gather yearly updates on federal projects that are very late or far over budget, and then share a report with Congress and post it online. It applies to projects that are more than five years behind schedule or at least $1 billion over the original cost estimate .
Agencies must explain each project’s purpose and location, list key contractors, note the start year and federal share, and show the original and current completion dates and costs (adjusted for inflation). They also must explain why costs rose or timelines slipped, and disclose any bonuses paid for the project. OMB must issue guidance within one year to set up these annual submissions, and then publish an annual report with the collected information .
Received in the House.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
Updated 1 week ago
Last progress February 27, 2025 (10 months ago)
Last progress December 15, 2025 (2 weeks ago)
Introduced on February 27, 2025 by Joni Ernst