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New law requires annual report on federal projects $1 billion over budget or five years late

By LexCircuit Desk · · AI-drafted, human-reviewed

President Donald Trump signed S. 766, the Billion Dollar Boondoggle Act of 2025, on Oct. 7. The law requires the Office of Management and Budget to issue guidance within a year directing covered agencies to submit annual information on projects more than five years behind schedule or at least $1 billion over the original cost estimate. OMB must compile the submissions into an annual report to Congress and post it online.

Enrolled text (GovInfo) → · The White House, FEDweek, Rep. Mariannette Miller-Meeks +1

Key points

  • Covered agencies include executive agencies and independent regulatory agencies; direct-spending programs are excluded.GovInfoCongress.gov
  • Reports must describe each project, explain scope changes, and give original and current dates and cost estimates adjusted for inflation.GovInfoCongress.gov
  • Agencies must also explain delays or cost increases and disclose award, incentive or bonus payments.GovInfoCongress.gov
  • Sen. Joni Ernst (R-IA) and Rep. Mariannette Miller-Meeks (R-IA) led the bill; Sen. Maggie Hassan (D-NH) praised its transparency.Rep. Mariannette Miller-Meeks
  • OMB must send the compiled annual report to Congress and publish it on the OMB website.GovInfoCongress.gov
  • The law took effect on enactment Oct. 7, 2026; OMB must issue the agency guidance within one year.GovInfo

Sources5 articles across 5 outlets

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RegulationU.S.Billion Dollar Boondoggle Act of 2025AdministrativeRegulatoryFor practitionersFor governance