Enrolled Bill

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 766 Enrolled Bill (ENR)]

        S.766

                     One Hundred Nineteenth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

          Begun and held at the City of Washington on Saturday,
          the third day of January, two thousand and twenty six


                                 An Act


 
 To require an annual report of taxpayer-funded projects that are over 
                       budget and behind schedule.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
    This Act may be cited as the ``Billion Dollar Boondoggle Act of 
2025''.
SEC. 2. ANNUAL REPORT.
    (a) Definitions.--In this section--
        (1) the term ``covered agency'' means--
            (A) an Executive agency, as defined in section 105 of title 
        5, United States Code; and
            (B) an independent regulatory agency, as defined in section 
        3502 of title 44, United States Code;
        (2) the term ``covered project'' means a project funded by a 
    covered agency--
            (A) that is more than 5 years behind schedule, as measured 
        against the original expected date for completion; or
            (B) for which the amount spent on the project is not less 
        than $1,000,000,000 more than the original cost estimate for 
        the project;
        (3) the term ``Director'' means the Director of the Office of 
    Management and Budget; and
        (4) the term ``project'' means a major acquisition, a major 
    defense acquisition program (as defined in section 4201 of title 
    10, United States Code), a procurement, a construction project, a 
    remediation or clean-up effort, or any other time-limited endeavor, 
    that is not funded through direct spending (as defined in section 
    250(c) of the Balanced Budget and Emergency Deficit Control Act of 
    1985 (2 U.S.C. 900(c))).
    (b) Requirements.--
        (1) Submission.--Not later than 1 year after the date of 
    enactment of this Act, the Director shall issue guidance requiring 
    covered agencies to, on an annual basis, submit to the Director 
    information relating to each covered project of the covered agency, 
    which shall include--
            (A) a brief description of the covered project, including--
                (i) the purpose of the covered project;
                (ii) each location in which the covered project is 
            carried out;
                (iii) the contract or award number of the covered 
            project, where applicable;
                (iv) the year in which the covered project was 
            initiated;
                (v) the Federal share of the total cost of the covered 
            project; and
                (vi) each primary contractor, subcontractor, grant 
            recipient, and subgrantee recipient of the covered project;
            (B) an explanation of any change to the original scope of 
        the covered project, including by the addition or narrowing of 
        the initial requirements of the covered project;
            (C) the original expected date for completion of the 
        covered project;
            (D) the current expected date for completion of the covered 
        project;
            (E) the original cost estimate for the covered project, as 
        adjusted to reflect increases in the Consumer Price Index for 
        All Urban Consumers, as published by the Bureau of Labor 
        Statistics;
            (F) the current cost estimate for the covered project, as 
        adjusted to reflect increases in the Consumer Price Index for 
        All Urban Consumers, as published by the Bureau of Labor 
        Statistics;
            (G) an explanation for a delay in completion or an increase 
        in the original cost estimate for the covered project, 
        including, where applicable, any impact of insufficient or 
        delayed appropriations; and
            (H) the amount of and rationale for any award, incentive 
        fee, or other type of bonus, if any, awarded for the covered 
        project.
        (2) Report.--The Director shall submit to Congress and post on 
    the website of the Office of Management and Budget an annual report 
    containing the information submitted under paragraph (1) for the 
    relevant year.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.