Bill > HR6435

This bill establishes new accountability and oversight requirements for transportation megaprojects, which are defined as infrastructure projects with an estimated total cost of $2.5 billion or more. Under the bill, recipients of federal transportation funding for such megaprojects must submit a comprehensive risk management plan that identifies, tracks, and controls potential risks like cost overruns, project delays, and reduced construction quality. Projects will be required to establish a peer review group of at least five experts (who cannot have a financial interest in the project) to annually review the project's scope, schedule, and budget, and submit reports to the Secretary of Transportation, Congress, and the project recipient. The bill also mandates transparency by requiring project recipients to publish online the names and licensing information of supervising engineers and the peer review group's reports. Additionally, the Transportation Research Board will convene a megaprojects committee to study existing project challenges, review international experiences, identify recurring problems, and recommend improvements to the Department of Transportation's funding and oversight approach. The new requirements will apply to transportation projects authorized for construction one year after the bill's enactment.

Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/house-bill/6435/all-info