Billion Dollar Boondoggle Act

Key Points

• This bill requires the government to create a yearly report on taxpayer-funded projects that are significantly late or over budget.
• A project makes the list if it is at least five years behind its original schedule or if it costs at least $1 billion more than first estimated.
• For every failing project, agencies must explain exactly why things went wrong, who the contractors are, and if any bonuses were paid despite the delays or extra costs.
• The Office of Management and Budget would be required to post these reports online so the public can see how their tax dollars are being used.
• The goal is to increase transparency and hold government agencies accountable for major construction, defense, and cleanup projects that waste money.

Impact Analysis

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