S. 766 · Passed both chambers · Government Operations and Politics

Billion Dollar Boondoggle Act of 2025

Sponsor: Joni Ernst (R-IA)

What it does

• Requires the Office of Management and Budget to issue annual guidance directing federal agencies to report projects that are more than five years behind schedule or have exceeded the original cost estimate by at least $1 billion.
• Directs federal agencies to submit to OMB specified information for each overdue or overbudget project, including original and current cost estimates adjusted for inflation and explanations for delays or cost increases.
• Requires federal agencies to report the amount of and rationale for any award, incentive fee, or bonus awarded for each project submitted under this bill.
• Directs the Office of Management and Budget to submit an annual report to Congress containing the collected agency information and post the report on the OMB website.

Official summary

Billion Dollar Boondoggle Act of 2025 This bill requires the Office of Management and Budget (OMB) to collect information from federal agencies and report to Congress regarding projects that are behind schedule or have expenditures that have exceeded the original cost estimate. Specifically, the bill requires OMB to issue guidance directing federal agencies to annually submit specified information to OMB regarding certain federally funded projects that (1) are more than five years behind schedule, or (2) have expenditures that are at least $1 billion more than the original cost estimate for the project. Among other information, the agencies must submit to OMB a description of each project; an explanation of any change to the original scope of the project; the original and current expected dates for the completion of the project; the original and current cost estimates adjusted for inflation; an explanation for any delays in completing the project or increases in the cost; and the amount of and rationale for any award, incentive fee, or other type of bonus awarded for the project. The bill also requires OMB to submit an annual report to Congress containing the information…

Latest action

Sep 29, 2026: Presented to President.

Committee: Senate Small Business and Entrepreneurship