Senate committee approves Ernst bill to expose boondoggles that are billions of dollars over budget and years behind schedule
WASHINGTON – Today, Senator Joni Ernst’s (R-Iowa) bipartisan Billion Dollar Boondoggle Act was unanimously approved by the Senate Committee on Homeland Security and Governmental Affairs. The legislation would require the public disclosure of every taxpayer-funded project that is $1 billion or more over budget or five years or more behind schedule. An explanation for the delays and added costs as well as the identification of the contractors would also be included.
“Boondoggles beware!” Ernst warned. “My bipartisan bill ensures greater transparency and accountability to guarantee taxpayers are protected from funding blank checks for failed projects. This measure is commonsense and straightforward, and now it is one step closer to becoming law. With our national debt quickly approaching $34 trillion, I am hopeful the Senate will pass this bill to hold the big spenders in Washington accountable for misspending and mismanaging taxpayer dollars.”
The Billion Dollar Boondoggle Act must next be approved by the full Senate and the House of Representatives, where abipartisan companion bill has been introduced.
This measure is part of Ernst’s ongoing efforts to cut wasteful spending and make Washington squeal.