[119th Congress Public Law 120]
[From the U.S. Government Publishing Office]



[[Page 140 STAT. 1065]]

Public Law 119-120
119th Congress

                                 An Act


 
 To require an annual report of taxpayer-funded projects that are over 
     budget and behind schedule. <<NOTE: Oct. 7, 2026 -  [S. 766]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, <<NOTE: Billion Dollar 
Boondoggle Act of 2025. 31 USC 501 note.>> 
SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Billion Dollar Boondoggle Act of 
2025''.
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;
            (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) <<NOTE: Guidance.>>  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;

[[Page 140 STAT. 1066]]

                          (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) <<NOTE: Cost estimate.>>  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) <<NOTE: Cost estimate.>>  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) <<NOTE: Web posting.>>  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.

    Approved October 7, 2026.

LEGISLATIVE HISTORY--S. 766 (H.R. 1722):
---------------------------------------------------------------------------

CONGRESSIONAL RECORD:
                                                        Vol. 171 (2025):
                                    Dec. 11, considered and passed 
                                        Senate.
                                                        Vol. 172 (2026):
                                    Sept. 16, considered and passed 
                                        House.

                                  <all>