Summary

Requires the Director of OMB to issue guidance requiring covered agencies to report annually on large or very delayed projects. Agencies must submit defined data about each covered project, OMB must compile the submissions into an annual report for Congress, and post the report on OMB’s website for public access. The rulemaking defines who and what counts as a covered agency and a covered project, specifies the data elements agencies must provide, and sets an annual reporting and publication requirement to increase oversight and transparency of major federal projects.

Key Points

• Directs OMB to issue guidance requiring covered agencies to report annually on large or very delayed projects.
• Defines key terms (covered agency, covered project, Director, project) to establish who and what must be reported.
• Requires covered agencies to submit specified data elements for each covered project each year.
• Requires OMB to compile agency submissions into an annual report to Congress.
• Mandates that OMB publish the consolidated annual report on its website for public access.
• Focuses on transparency and oversight of major federal projects rather than funding or program authorizations.
• Imposes an administrative reporting requirement on covered agencies, increasing recordkeeping and coordination responsibilities.
• Does not itself appropriate funds or change substantive project authorities in the text provided.

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