Billion Dollar Boondoggle Act of 2025 in plain language
1: Short title
This section would let the Act be called the Billion Dollar Boondoggle Act of 2025.
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1. Short title This Act may be cited as the Billion Dollar Boondoggle Act of 2025 .
2: Annual report
This section would define several terms and require federal agencies to report each year on projects that are badly over budget or behind schedule. A covered agency would mean an Executive agency, as defined in title 5 of the United States Code, or an independent regulatory agency, as defined in title 44 of the United States Code. A covered project would mean a project funded by a covered agency that either is more than 5 years behind schedule, measured against its original expected completion date, or has cost at least $1,000,000,000 more than its original cost estimate. The Director would mean the Director of the Office of Management and Budget. A project would mean 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, but only if it is not funded through direct spending as defined in the Balanced Budget and Emergency Deficit Control Act of 1985. Not later than 1 year after this Act becomes law, the Director would have to issue guidance requiring covered agencies to submit information about each of their covered projects to the Director on an annual basis. For each covered project, the required information would include: a brief description covering the project's purpose, each location where it is carried out, its contract or award number where one applies, the year it started, the federal share of its total cost, and each primary contractor, subcontractor, grant recipient, and subgrantee recipient; an explanation of any change to the project's original scope, including requirements that were added or narrowed; the original expected completion date; the current expected completion date; the original cost estimate, adjusted for increases in the Consumer Price Index for All Urban Consumers as published by the Bureau of Labor Statistics; the current cost estimate, adjusted the same way; an explanation for any delay in completion or increase in the cost estimate, including, where it applies, any impact from insufficient or delayed appropriations; and the amount of and the reason for any award, incentive fee, or other bonus given for the project, if any were given. The Director would then have to submit an annual report to Congress and post it on the Office of Management and Budget's website, containing the information the covered agencies submitted for that year.
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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. Passed the Senate December 11, 2025. Secretary