# Congress Requires Reporting on Major Projects

The Billion Dollar Boondoggle Act became law on October 14, 2026. It directs the Office of Management and Budget to report annually to Congress on qualifying taxpayer-funded federal projects, including changes in scope, estimated costs, and projected completion dates. The law covers projects that are at least $1 billion over budget or five years behind schedule, increasing transparency and oversight of major federal programs; the signals do not specify implementation dates or reporting procedures for contractors.

- Contractors supporting large federal projects should assess whether their project records on scope, cost, and schedule are accurate and readily usable in agency oversight processes.
- The reporting thresholds make significant cost growth and schedule delays more visible to Congress and the public, which may increase scrutiny of project performance.
- The signals provide no contractor-specific reporting deadline or procedure, so they do not establish a new direct reporting obligation for contractors.

**Jurisdictions:** federal
**Topics:** Policy
**Published:** October 15, 2026

### Government Entities
- Office of Management and Budget (OMB)
- United States Congress
- U.S. Senate
- U.S. House of Representatives

### Key Quotes
> This commonsense, bipartisan bill will give the public greater visibility into how their tax dollars are being used and it will help Congress identify wasteful spending.
> — Maggie Hassan, U.S. Senator

> Taxpayers deserve this transparency. And now they’ll have a great deal more.
> — Yassamin Ansari, U.S. Representative

### Sources
- [SIGNED INTO LAW: Hassan-Ernst Bill to Expose Government Waste](https://www.hassan.senate.gov/news/press-releases/signed-into-law-hassan-ernst-bill-to-expose-government-waste) - Hassan Senate
- [Rep. Ansari Celebrates Her Bipartisan Billion Dollar Boondoggle Act Becoming Law | U.S. House Representative Yassamin Ansari](https://ansari.house.gov/media/press-releases/rep-ansari-celebrates-her-bipartisan-billion-dollar-boondoggle-act-becoming-law) - Ansari