Billion Dollar Boondoggle Act of 2021
Bill: S.636 | Sponsor: Sen. Ernst, Joni (R-IA)
Policy area: Government Operations and Politics

Summary:
Billion Dollar Boondoggle Act of 2021
This bill directs the Office of Management and Budget to issue guidance requiring federal agencies to report annually to Congress regarding certain federally funded projects that are (1) 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.

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.

    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 
2021''.

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 2430 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
                    (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.
                                                        Calendar No. 56

117th CONGRESS

  1st Session

                                 S. 636

                          [Report No. 117-22]

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