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1 S. 565, Billion Dollar Boondoggle Act of 2019, as Ordered Reported by the Senate Committee on Homeland Security and Governmental Affairs on November 6, 2019 1 (November 18, 2019)

handle is hein.congrec/cbobilldgg0001 and id is 1 raw text is: j Congressional Budget Office Cost Estimate November 18, 2019 By Fiscal Year, M7.illions of Dollars 2020 202062024 2020=2029 Direct Spending (Outlays) 0 0 0 Revenues Increase or Decrease (-) in the Deficit 0 0 0 0 0 0 S. 565 would require agencies to report on any government project that is $1 billion or more over budget or more than five years behind schedule. The report would include a description of the project, any changes to the project's requirements, the original due date and expected completion date, and some financial information. The bill also would require the Office of Management and Budget to issue guidance on the reporting requirements. Because the information is already available for those projects, CBO estimates that implementing S. 565 would have no significant effect on the federal budget. The CBO staff contact for this estimate is Matthew Pickford. The estimate was reviewed by H. Samuel Papenfuss, Deputy Assistant Director for Budget Analysis. See also CBO's Cost Estimates Explained, wwwcbo.gov/publicationi54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo~govipublicationi42904.

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