[Congressional Record Volume 170, Number 51 (Friday, March 22, 2024)]
[Senate]
[Pages S2616-S2617]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 BILLION DOLLAR BOONDOGGLE ACT OF 2023

  Mr. SCHUMER. Mr. President, I ask unanimous consent that the Senate 
proceed to the immediate consideration of Calendar No. 334, S. 1258.
  The PRESIDING OFFICER. The clerk will report the bill by title.
  The senior assistant legislative clerk read as follows:

       A bill (S. 1258) to require the Director of the Office of 
     Management and Budget to submit to Congress an annual report 
     on projects that are over budget and behind schedule, and for 
     other purposes.

  There being no objection, the Senate proceeded to consider the bill, 
which had been reported from the Committee on Homeland Security and 
Governmental Affairs.
  Mr. SCHUMER. I further ask that the bill be considered read a third 
time and passed and the motion to reconsider be considered made and 
laid upon the table with no intervening action or debate.
  The PRESIDING OFFICER. Without objection, it is so ordered.
  The bill (S. 1258) was ordered to be engrossed for a third reading, 
was read the third time, and passed as follows:

                                S. 1258

       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 2023''.

     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; and
       (3) 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) Requirement.--Not later than 1 year after the date of 
     enactment of this Act, the Director of the Office of 
     Management and Budget shall issue guidance requiring covered 
     agencies to include, on an annual basis in a report described 
     in paragraph (2) of section 3516(a) of title 31, United 
     States Code, or a consolidated report described in paragraph 
     (1) of such section, information relating to each covered 
     project of the covered agency, which shall include--
       (1) a brief description of the covered project, including--
       (A) the purpose of the covered project;
       (B) each location in which the covered project is carried 
     out;
       (C) the contract or award number of the covered project, 
     where applicable;
       (D) the year in which the covered project was initiated;
       (E) the Federal share of the total cost of the covered 
     project; and

[[Page S2617]]

       (F) each primary contractor, subcontractor, grant 
     recipient, and subgrantee recipient of the covered project;
       (2) 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;
       (3) the original expected date for completion of the 
     covered project;
       (4) the current expected date for completion of the covered 
     project;
       (5) 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;
       (6) 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;
       (7) 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
       (8) the amount of and rationale for any award, incentive 
     fee, or other type of bonus, if any, awarded for the covered 
     project.

     

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