Billion Dollar Boondoggle Act of 2023

HR 1180, the "Billion Dollar Boondoggle Act of 2023," requires federal agencies managing large projects to publicly report on cost overruns and delays. It directly affects Executive agencies and independent regulatory agencies that fund projects exceeding $1 billion in cost overruns or being more than five years behind schedule. The bill mandates annual reports including project descriptions, original vs. current costs (adjusted for inflation), reasons for delays, contractor details, and any bonuses awarded. These reports must be submitted to the Office of Management and Budget and made available to the public. The law focuses on transparency around major federal projects without specifying policy changes to project management.