Mr. Speaker, the legislation would require additional reporting on certain Federal projects that are over budget by $1 billion or 5 years behind schedule. Federal agencies would be required to include this information in their annual performance and accountability reports made to Congress and the President.
Congress, of course, has a duty to make sure that taxpayer dollars are being well and efficiently spent in the ways that we appropriate them. Additional oversight of projects that are vastly over budget or behind schedule makes good sense, and I support this bill.
I appreciate the fact that this version of the bill takes into consideration some technical comments that were provided to us by OMB.
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Mr. RASKIN. Mr. Speaker, I urge everyone to support the legislation, and I yield back the balance of my time.
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