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S. 565, Billion Dollar Boondoggle Act of 2019 (CBO Report for Congress)

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Congress 116th
Date Requested Nov. 6, 2019
Requested By Senate Committee on Homeland Security and Governmental Affairs
Date Sent Nov. 18, 2019
Description:
S. 565 would require agencies to report on any government project that is $1 billion or more over budget or more than five years behind schedule. The report would include a description of the project, any changes to the project’s requirements, the original due date and expected completion date, and some financial information. The bill also would require the Office of Management and Budget to issue guidance on the reporting requirements. Because the information is already available for those projects, CBO estimates that implementing S. 565 would have no significant effect on the federal budget.

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