Taxpayers would get an annual report on federal projects that are billions over budget or years behind schedule.
This bill would create a new annual report for Congress and the public. This report would detail major federal projects that are at least $1 billion over budget or more than five years behind schedule. It aims to give taxpayers more information about how their money is spent.
Today, federal agencies do not have a mandate to annually report detailed information on projects that are significantly over budget or behind schedule. If this bill becomes law, the Office of Management and Budget would require Executive and independent regulatory agencies to annually submit data on projects that are over $1 billion more than planned or more than five years late. This information would then be compiled into a public report for Congress and taxpayers each year.
S 766 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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