118TH CONGRESS 

2D SESSION S. 1258 

AN ACT 

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. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 
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†S 1258 ES

1 SECTION 1. SHORT TITLE. 

2 This Act may be cited as the ‘‘Billion Dollar Boon3 doggle Act of 2023’’. 

4 SEC. 2. ANNUAL REPORT. 

5 (a) DEFINITIONS.—In this section— 

6 (1) the term ‘‘covered agency’’ means— 

7 (A) an Executive agency, as defined in sec8 tion 105 of title 5, United States Code; and 

9 (B) an independent regulatory agency, as 

10 defined in section 3502 of title 44, United 

11 States Code; 

12 (2) the term ‘‘covered project’’ means a project 

13 funded by a covered agency— 

14 (A) that is more than 5 years behind 

15 schedule, as measured against the original ex16 pected date for completion; or 

17 (B) for which the amount spent on the 

18 project is not less than $1,000,000,000 more 

19 than the original cost estimate for the project; 

20 and 

21 (3) the term ‘‘project’’ means a major acquisi22 tion, a major defense acquisition program (as de23 fined in section 4201 of title 10, United States 

24 Code), a procurement, a construction project, a re25 mediation or clean-up effort, or any other time-lim26 ited endeavor, that is not funded through direct 
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†S 1258 ES

1 spending (as defined in section 250(c) of the Bal2 anced Budget and Emergency Deficit Control Act of 

3 1985 (2 U.S.C. 900(c))). 

4 (b) REQUIREMENT.—Not later than 1 year after the 

5 date of enactment of this Act, the Director of the Office 

6 of Management and Budget shall issue guidance requiring 

7 covered agencies to include, on an annual basis in a report 

8 described in paragraph (2) of section 3516(a) of title 31, 

9 United States Code, or a consolidated report described in 

10 paragraph (1) of such section, information relating to each 

11 covered project of the covered agency, which shall in12 clude— 

13 (1) a brief description of the covered project, 

14 including— 

15 (A) the purpose of the covered project; 

16 (B) each location in which the covered 

17 project is carried out; 

18 (C) the contract or award number of the 

19 covered project, where applicable; 

20 (D) the year in which the covered project 

21 was initiated; 

22 (E) the Federal share of the total cost of 

23 the covered project; and 
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†S 1258 ES

1 (F) each primary contractor, subcon2 tractor, grant recipient, and subgrantee recipi3 ent of the covered project; 

4 (2) an explanation of any change to the original 

5 scope of the covered project, including by the addi6 tion or narrowing of the initial requirements of the 

7 covered project; 

8 (3) the original expected date for completion of 

9 the covered project; 

10 (4) the current expected date for completion of 

11 the covered project; 

12 (5) the original cost estimate for the covered 

13 project, as adjusted to reflect increases in the Con14 sumer Price Index for All Urban Consumers, as 

15 published by the Bureau of Labor Statistics; 

16 (6) the current cost estimate for the covered 

17 project, as adjusted to reflect increases in the Con18 sumer Price Index for All Urban Consumers, as 

19 published by the Bureau of Labor Statistics; 

20 (7) an explanation for a delay in completion or 

21 an increase in the original cost estimate for the cov22 ered project, including, where applicable, any impact 

23 of insufficient or delayed appropriations; and 
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1 (8) the amount of and rationale for any award, 

2 incentive fee, or other type of bonus, if any, awarded 

3 for the covered project. 

Passed the Senate March 23 (legislative day, March 

22), 2024. 

Attest: 

Secretary. 
118TH CONGRESS 

2D SESSION S. 1258 

AN ACT 

To require the Director of the Office of Managebehind schedule, and for other purposes. nual report on projects that are over budget and ment and Budget to submit to Congress an an-