AI-assisted analysis based on the official CRS summary. Source version: Aug 5, 2026. Analysis updated: Sep 20, 2026.
01 — The Text
What.
- The bill requires the Office of Management and Budget (OMB) to collect annual information from federal agencies about certain federally funded projects
- Agencies must report on projects that are more than five years behind schedule OR have cost overruns of at least $1 billion beyond the original estimate
- Required reporting includes project descriptions, scope changes, original and current completion dates, cost estimates (adjusted for inflation), explanations of delays or cost increases, and any bonuses or incentive fees awarded
- OMB must submit an annual report to Congress containing the agency submissions and post it publicly on the OMB website
02 — The Stakes
So what?
- The report may be submitted in unclassified form with a classified annex, meaning some project information could remain confidential
- The bill establishes a reporting mechanism and transparency requirement; documented effects on project management, budget outcomes, or agency practices are not specified in the official summary
- No scheduled enforcement mechanisms, penalties, or mandatory corrective actions are described
03 — The Path
Now what?
- The House passed the bill by voice vote on July 22, 2026, under suspension of the rules (after a failed quorum call on July 20)
- The Senate received the bill on July 23, 2026 and placed it on the Legislative Calendar (Calendar No. 467)
- No further Senate action has been recorded
Legislative History
Actions.
- Jul 23, 2026 — Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 467.
- Jul 22, 2026 — Motion to reconsider laid on the table Agreed to without objection.
- Jul 22, 2026 — On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- Jul 22, 2026 — Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- Jul 22, 2026 — Considered as unfinished business. (consideration: CR H5159)
- Jul 20, 2026 — At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Burlison objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.
- Jul 20, 2026 — DEBATE - The House proceeded with forty minutes of debate on H.R. 1722.
- Jul 20, 2026 — Considered under suspension of the rules. (consideration: CR H4663-4664; text: CR H4663)