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S. 766

Billion Dollar Boondoggle Act of 2025

📅 Oct 07, 2026
Summary:
• Requires the Director of the Office of Management and Budget to issue guidance for covered agencies to annually report on taxpayer-funded projects that are over 5 years behind schedule or cost at least $1 billion more than originally estimated
• Mandates that covered agencies provide detailed information about these projects including descriptions, timelines, cost estimates, contractors, and explanations for delays or cost increases
• Requires the Director to submit an annual report to Congress and post it on the OMB website containing all the submitted project information
Additional Details:
• Defines covered agencies as Executive agencies and independent regulatory agencies, while excluding projects funded through direct spending
• Specifies that projects include major acquisitions, defense acquisition programs, procurements, construction projects, remediation efforts, or other time-limited endeavors
• Requires cost estimates to be adjusted to reflect increases in the Consumer Price Index for All Urban Consumers as published by the Bureau of Labor Statistics

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