Billion Dollar Boondoggle Act of 2025

This bill would require the Office of Management and Budget (OMB) to issue guidance for federal agencies to report on projects that are at least five years behind schedule or $1 billion over their original cost estimates. Agencies would be required to provide OMB with project descriptions, explanations for delays or cost increases, updated completion dates, and details regarding any performance bonuses or incentive fees awarded. OMB would then be tasked with compiling this information into an annual report for Congress and making the data available to the public on its website.

This bill primarily affects federal agencies, which must identify and report on projects that are significantly behind schedule or over budget. The Office of Management and Budget is also affected, as it is responsible for issuing guidance to these agencies and compiling their data into an annual report for Congress. Additionally, the bill impacts entities involved in federally funded projects that are at least five years behind schedule or $1 billion over their original cost estimate.

• Agency reporting on delayed or over-budget projects. Federal agencies must annually submit information to the Office of Management and Budget regarding projects that are more than five years behind schedule or exceed original cost estimates by at least $1 billion.
• Detailed project disclosures. Agencies are required to provide project descriptions, explanations for scope changes, updated completion dates, inflation-adjusted cost estimates, and justifications for any delays or cost increases.
• Disclosure of project bonuses and incentives. The bill requires agencies to report the amount and rationale for any award, incentive fee, or bonus granted in connection with the identified projects.
• Annual report to Congress and public. The Office of Management and Budget must compile the agency data into an annual report for Congress and publish the findings on its official website.

The bill aims to increase transparency and oversight of federal spending by requiring the Office of Management and Budget to report to Congress on federally funded projects that are significantly behind schedule or have exceeded their original cost estimates by at least $1 billion.