H.R. 1722 — Billion Dollar Boondoggle Act of 2025

This section requires the Director of the Office of Management and Budget (OMB), not later than one year after enactment, to issue guidance directing covered agencies—Executive agencies (per 5 U.S.C. 105) and independent regulatory agencies (per 44 U.S.C. 3502)—to submit annual information on each covered project. A covered project is one funded by a covered agency that is more than five years behind its original completion schedule or has incurred costs at least $1 billion above the original estimate. The term "project" encompasses major acquisitions, major defense acquisition programs (as defined in 10 U.S.C. 4201, generally those with research, development, test, and evaluation costs exceeding $300 million or procurement costs exceeding $1.8 billion in fiscal year 1990 constant dollars), procurements, construction projects, remediation or cleanup efforts, or other time-limited endeavors not funded through direct spending. Required information includes (1) a project description covering purpose, locations, contract or award number (if applicable), initiation year, federal cost share, and primary contractors, subcontractors, grant recipients, and subgrantees; (2) changes to original scope; (3) original and current expected completion dates; (4) original and current cost estimates, both adjusted for increases in the Consumer Price Index for All Urban Consumers; (5) explanations for delays or cost increases, including impacts from insufficient or delayed appropriations; and (6) details on any awards, incentive fees, or bonuses. OMB must submit the compiled information to Congress annually and post it on its website.