Bill > S766

This bill requires federal agencies to submit an annual report to the Director of the Office of Management and Budget (OMB) about large, problematic government projects. Specifically, the bill defines a "covered project" as any government project that is either more than 5 years behind schedule or costs at least $1 billion more than originally estimated. The report must include detailed information such as the project's purpose, location, contract numbers, initiation year, total cost, primary contractors, original and current completion dates, original and current cost estimates, explanations for delays or cost increases, and details about any performance bonuses awarded. The OMB Director must then compile these agency reports into a comprehensive annual report that will be submitted to Congress and published on the OMB website. This legislation aims to increase transparency and accountability for large government projects by requiring agencies to publicly disclose significant challenges, cost overruns, and schedule delays in their major undertakings.

Military Affairs and Security

https://www.congress.gov/bill/119th-congress/senate-bill/766/all-info