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Billion Dollar Boondoggle Act of 2023
8/15/2024, 12:13 PM
Summary of Bill S 1258
Bill 118 s 1258, also known as the Billion Dollar Boondoggle Act of 2023, is a piece of legislation introduced in the US Congress with the aim of addressing wasteful spending and inefficiencies in government projects. The bill seeks to establish a task force that will identify and review projects that have exceeded their initial budget by at least one billion dollars.
The task force will be responsible for conducting a thorough analysis of these projects to determine the reasons for the cost overruns and to recommend solutions to prevent similar situations in the future. The bill also requires the task force to submit a report to Congress detailing their findings and recommendations.
Additionally, the Billion Dollar Boondoggle Act of 2023 includes provisions for increased transparency and accountability in government spending. It requires agencies to regularly report on the status and progress of major projects, as well as any cost overruns or delays that may occur. Overall, the goal of this legislation is to ensure that taxpayer dollars are being spent efficiently and effectively, and to prevent wasteful spending on projects that do not deliver the intended benefits to the American people.
The task force will be responsible for conducting a thorough analysis of these projects to determine the reasons for the cost overruns and to recommend solutions to prevent similar situations in the future. The bill also requires the task force to submit a report to Congress detailing their findings and recommendations.
Additionally, the Billion Dollar Boondoggle Act of 2023 includes provisions for increased transparency and accountability in government spending. It requires agencies to regularly report on the status and progress of major projects, as well as any cost overruns or delays that may occur. Overall, the goal of this legislation is to ensure that taxpayer dollars are being spent efficiently and effectively, and to prevent wasteful spending on projects that do not deliver the intended benefits to the American people.
Congressional Summary of S 1258
Billion Dollar Boondoggle Act of 2023
This bill directs the Office of Management and Budget to issue guidance requiring federal agencies to report annually to Congress regarding certain federally funded projects that (1) are more than five years behind schedule, or (2) have expenditures that are at least $1 billion more than the original cost estimate for the project.
Read the Full Bill
Current Status of Bill S 1258
Bill S 1258 is currently in the status of Passed in House since July 22, 2024. Bill S 1258 was introduced during Congress 118 and was introduced to the Senate on April 25, 2023. Bill S 1258's most recent activity was Motion to reconsider laid on the table Agreed to without objection. as of July 22, 2024
Bipartisan Support of Bill S 1258
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
10Democrat Cosponsors
4Republican Cosponsors
6Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1258
Primary Policy Focus
Government Operations and PoliticsPotential Impact Areas
- Budget process
- Congressional oversight
- Executive agency funding and structure
- Government information and archives
- Inflation and prices
- Public contracts and procurement
Alternate Title(s) of Bill S 1258
Billion Dollar Boondoggle Act of 2023
Billion Dollar Boondoggle Act of 2023
Billion Dollar Boondoggle Act of 2023
Billion Dollar Boondoggle Act of 2023
Billion Dollar Boondoggle Act of 2023
A bill to require the Director of the Office of Management and Budget to submit to Congress an annual report on projects that are over budget and behind schedule, and for other purposes.
Comments
Sponsors and Cosponsors of S 1258
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