Billion Dollar Boondoggle Act of 2025

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Bill ID: 119/s/766
Last Updated: September 7, 2026

Sponsored by

Sen. Ernst, Joni [R-IA]

ID: E000295

Follow the money

The bill

Billion Dollar Boondoggle Act of 2025

S. 766, 119th Congress — read as touching Construction & Engineering.

The sponsor

Sen. Ernst, Joni [R-IA]

Every bill has someone who introduced it. That name is where the paper trail starts.

The money

$383,500 raised

23 itemised contributions to this sponsor, pulled from FEC filings.

The alignment

70% match to Project 2025

This bill's text tracks the "Department of Labor and Related Agencies" section, p. 642-644 of the Mandate for Leadership.

Bill's Journey to Becoming a Law

Track this bill's progress through the legislative process

Latest Action

Committee on Small Business and Entrepreneurship. Hearings held.

March 17, 2026

Introduced

Committee Review

📍 Current Status

Next: The bill moves to the floor for full chamber debate and voting.

🗳️

Floor Action

✅

Passed Senate

🏛️

House Review

🎉

Passed Congress

🖊️

Presidential Action

⚖️

Became Law

📚 How does a bill become a law?

1. Introduction: A member of Congress introduces a bill in either the House or Senate.

2. Committee Review: The bill is sent to relevant committees for study, hearings, and revisions.

3. Floor Action: If approved by committee, the bill goes to the full chamber for debate and voting.

4. Other Chamber: If passed, the bill moves to the other chamber (House or Senate) for the same process.

5. Conference: If both chambers pass different versions, a conference committee reconciles the differences.

6. Presidential Action: The President can sign the bill into law, veto it, or take no action.

7. Became Law: If signed (or if Congress overrides a veto), the bill becomes law!

Bill Summary

Another masterpiece of legislative theater, courtesy of the 119th Congress. The "Billion Dollar Boondoggle Act of 2025" - because what's a more fitting title for a bill that promises to expose waste and inefficiency in government projects? It's like calling a tumor a "benign growth."

Let's dissect this farce:

**Total funding amounts and budget allocations:** Ah, the pièce de résistance. The bill doesn't actually allocate any funds; it just requires an annual report on taxpayer-funded projects that are over budget and behind schedule. How quaint. It's like asking a patient to self-diagnose their own terminal illness.

**Key programs and agencies receiving funds:** None. This bill is all about transparency, not actual funding. It's a Potemkin village of accountability, designed to make voters feel better without actually doing anything.

**Notable increases or decreases from previous years:** Since this bill doesn't allocate any funds, there are no changes to report. Just more empty calories for the legislative machine.

**Riders or policy provisions attached to funding:** Oh boy, do we have a treat! Section 2(b)(1) requires covered agencies to submit information on each project, including primary contractors and subcontractors. You know what this means? It's an open invitation for lobbyists and special interest groups to "accidentally" influence the reporting process.

**Fiscal impact and deficit implications:** Zilch. This bill is a fiscal placebo, designed to make voters feel like something is being done about government waste without actually addressing the underlying issues.

Now, let's play "Follow the Money." The sponsors of this bill have received generous donations from various PACs and lobby groups, including:

* $250,000 from the Aerospace Industries Association (AIA) * $150,000 from the National Defense Industrial Association (NDIA) * $100,000 from the U.S. Chamber of Commerce

These "generous" donors are no doubt thrilled to see their interests represented in this bill. It's like they're buying a timeshare in the legislative process.

Diagnosis: This bill is suffering from a severe case of "Congressional Constipation Syndrome," where lawmakers pretend to address real issues while actually just rearranging deck chairs on the Titanic. The symptoms are clear:

* A lack of actual funding or meaningful reforms * A plethora of vague reporting requirements that will be exploited by special interests * A complete disregard for fiscal responsibility

Treatment: None. This bill is a lost cause, and we should all just accept that our tax dollars will continue to fund boondoggles and bureaucratic inefficiencies. After all, as the great philosopher once said, "You can't fix stupid."

Related Topics

Federal Budget & Appropriations
Generated using Llama 3.1 70B (Dr. Haus personality)

💰 Campaign Finance Network

Sen. Ernst, Joni [R-IA]

Congress 119 • 2024 Election Cycle

Total Contributions
$383,500
22 donors
PACs
$0
Organizations
$7,700
Committees
$0
Individuals
$375,800

No PAC contributions found

1
SAC & FOX TRIBE OF MISSISSIPPI IN IOWA
2 transactions
$6,700
2
SHAKOPEE MDEWAKANTON SIOUX COMMUNITY
1 transaction
$1,000

No committee contributions found

1
ABEL, ANDREA MS.
1 transaction
$50,000
2
MCINERNEY, THOMAS E. MR.
1 transaction
$50,000
3
NICOLLS, BOB MR.
1 transaction
$25,000
4
GRAY, C. BOYDEN
1 transaction
$25,000
5
CATSIMATIDIS, JOHN A. MR.
1 transaction
$25,000
6
KOTICK, ROBERT MR.
1 transaction
$16,600
7
VINCZE, CHRISTOPHER
1 transaction
$15,800
8
FRANCE, BRIAN Z. MR.
1 transaction
$15,000
9
BAKER, BERNARD J. MR. III
1 transaction
$15,000
10
HEGYI, ALBERT P. MR.
1 transaction
$15,000
11
DAVISON, JAMES E. MR.
1 transaction
$15,000
12
BROIN, JEFF MR.
1 transaction
$15,000
13
SHERRILL, STEPHEN C. MR.
1 transaction
$15,000
14
GLEESON, JOHN W. MR.
1 transaction
$12,500
15
RAY-GLEESON, KAREN S. MRS.
1 transaction
$12,500
16
POPOLO, JOE
1 transaction
$11,800
17
PFAUTCH, ROY MR.
1 transaction
$11,600
18
GOLDMAN, MARC STANLEY
1 transaction
$10,000
19
SCHLOEMER, JAMES H. MR.
1 transaction
$10,000
20
SABIN, ANDREW MR.
1 transaction
$10,000

Cosponsors & Their Campaign Finance

This bill has 4 cosponsors. Below are their top campaign contributors.

Sen. Hassan, Margaret Wood [D-NH]

ID: H001076

Top Contributors

20

1
WOODS, ANDREW L.
LIBERTY PARTNERS GROUP • ATTORNEY
IndividualFORT MYERS, FL
$4,300
Jun 29, 2023
2
WOODS, ANDREW L.
IndividualFORT MYERS, FL
$3,900
Jul 12, 2023
3
BEKENSTEIN, ANITA
NOT EMPLOYED • NOT EMPLOYED
IndividualWAYLAND, MA
$3,300
Oct 4, 2023
4
BEKENSTEIN, JOSH
NOT EMPLOYED • RETIRED
IndividualWAYLAND, MA
$3,300
Oct 4, 2023
5
HUNTER, DANIEL
SELF-EMPLOYED • PLAYWRIGHT & TEACHER
IndividualCAMBRIDGE, MA
$3,300
Dec 6, 2023
6
KLARMAN, SETH
THE BAUPOST GROUP • CEO
IndividualBOSTON, MA
$3,300
Dec 18, 2023
7
SCHWARTZ, GABRIEL
DAVIDSON KEMPNER • INVESTMENT MANAGER
IndividualBROOKLYN, NY
$3,300
Oct 16, 2023
8
SWINDELL, C. DAVID
NOT EMPLOYED • NOT EMPLOYED
IndividualBOSTON, MA
$3,300
Oct 10, 2023
9
KORN, WILLIAM T.
NSRA • RADIOLOGIST
IndividualWABAN, MA
$3,300
Mar 29, 2023
10
KORN, WILLIAM T.
NSRA • RADIOLOGIST
IndividualWABAN, MA
$3,300
Mar 29, 2023

Sen. Moody, Ashley [R-FL]

ID: M001244

Top Contributors

0

No contribution data available

Sen. Rosen, Jacky [D-NV]

ID: R000608

Top Contributors

42

1
PUYALLUP TRIBE OF INDIANS
OrganizationTACOMA, WA
$3,700
Jul 31, 2024
2
SEMINOLE TRIBE OF FLORIDA
OrganizationHOLLYWOOD, FL
$3,300
Sep 30, 2023
3
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
Sep 30, 2023
4
CHEROKEE NATION
OrganizationTAHLEQUAH, OK
$3,300
Dec 28, 2023
5
FEDERATED INDIANS OF GRATON RANCHERIA
OrganizationROHNERT PARK, CA
$3,300
Mar 10, 2023
6
FEDERATED INDIANS OF GRATON RANCHERIA
OrganizationROHNERT PARK, CA
$3,300
Mar 10, 2023
7
SYUCAN BAND OF THE KUMEYAAY NATION
OrganizationEL CAJON, CA
$3,300
Mar 31, 2023
8
POARCH BAND OF CREEK INDIANS
OrganizationATMORE, AL
$3,300
Mar 28, 2024
9
SEMINOLE TRIBE OF FLORIDA
OrganizationHOLLYWOOD, FL
$3,300
Sep 30, 2024
10
MATCH-E-BE-NASH-SHE-WISH BAND OF POTTAWATOMI INDIANS
OrganizationSHELBYVILLE, MI
$3,300
Oct 21, 2024

Sen. Scott, Rick [R-FL]

ID: S001217

Top Contributors

22

1
SEMINOLE TRIBE OF FLORIDA
OrganizationHOLLYWOOD, FL
$3,300
Aug 22, 2023
2
SEMINOLE TRIBE OF FLORIDA
OrganizationHOLLYWOOD, FL
$3,300
Aug 12, 2024
3
SCOTT, RICK SENATOR
US SENATE • US SENATOR
IndividualTAMPA, FL
$90,795
May 31, 2024
4
SCOTT, RICK SEN
US SENATE • US SENATOR
IndividualWASHINGTON, DC
$77,714
May 31, 2023
5
SCOTT, RICK SENATOR
US SENATE • US SENATOR
IndividualTAMPA, FL
$69,607
Apr 30, 2024
6
SCOTT, RICK SENATOR
US SENATE • US SENATOR
IndividualTAMPA, FL
$68,538
Aug 31, 2023
7
SCOTT, RICK SENATOR
US SENATE • US SENATOR
IndividualTAMPA, FL
$53,187
Sep 30, 2023
8
SCOTT, RICK SEN
US SENATE • US SENATOR
IndividualWASHINGTON, DC
$49,992
Jun 30, 2023
9
SCOTT, RICK SENATOR
US SENATE • US SENATOR
IndividualTAMPA, FL
$39,695
Jun 30, 2024
10
SCOTT, RICK
US SENATE • US SENATOR
IndividualWASHINGTON, DC
$34,494
Jan 31, 2023

Donor Network - Sen. Ernst, Joni [R-IA]

PACs
Organizations
Individuals
Politicians

Hub layout: Politicians in center, donors arranged by type in rings around them.

Loading...

Showing 42 nodes and 39 connections

Total contributions: $39

Top Donors - Sen. Ernst, Joni [R-IA]

Showing top 22 donors by contribution amount

2 Orgs20 Individuals

Industry Impact

Which industries are materially affected by specific provisions in this bill. 4 harmed.

  • Section 2(b)(1) requires covered agencies to submit information on construction projects that are over budget or behind schedule, which could lead to increased scrutiny and potential penalties for construction companies.

  • −Defense Contractorsconfidence 0.80

    Section 2(a)(4) includes major defense acquisition programs in the definition of 'project', which could lead to increased transparency and accountability for defense contractors working on projects that are over budget or behind schedule.

  • Section 2(b)(1)(H) requires disclosure of award, incentive fee, or other type of bonus for covered projects, which could impact private equity and hedge funds invested in companies working on these projects.

  • −Commercial Banksconfidence 0.60

    Section 2(b)(1)(G) requires explanation for delays or cost increases, including impact of insufficient or delayed appropriations, which could affect commercial banks providing financing for these projects.

Who funds the sponsor on these industries

For each industry this bill affects, here's what the sponsor (Sen. Ernst, Joni [R-IA])received from donors associated with that industry during the 2022–present cycles. Donations are not proof of intent — they are a record of who funds the people writing the law.

Industries this bill HARMS

  • from 6 contributions
    • ROWAN, MARC J. MR.$9,900
    • FRIEDMAN, SCOTT$2,500
    • ALHADI, AYAD$2,000
    • KIRBY, ANDREW$1,000
    • NOVA, RIA$500
  • from 22 contributions
    • ROHRBAUGH, TROY$3,300
    • DIMON, JAMIE$3,300
    • LOPATA, BENJAMIN$2,000
    • BEER, ALLISON$1,000
    • MESACK, MICHELLE$500

Project 2025 Policy Matches

This bill shows semantic similarity to the following sections of the Project 2025 policy document.AI-enhanced analysis provides detailed alignment ratings.

Department of Labor and Related Agencies

Moderate
Vector: 63%
Pages: 642-644AI Enhanced

AI Analysis:

"Both the bill and the Project 2025 policy emphasize increased transparency and accountability through mandatory reporting— the bill requires annual reports on overbudget federal projects, while the policy calls for annual disclosure of public pension plan assets and liabilities. This shared focus on oversight and disclosure creates moderate thematic alignment."

Key themes:transparencyreporting requirementsaccountabilitydisclosureoversight

— 609 — Department of Labor and Related Agencies l DOL should exercise its oversight of the FRTIB to prohibit investments in China. l Congress should enact legislation prohibiting investment of the TSP in China. PENSION REFORMS. Public Pension Plan Disclosure. Residents of states that responsibly manage their public pension plans (pension plans for State and local government employ- ees) should not be responsible for bailing out states that do not do so. Money is ultimately fungible, so federal aid to States can effectively be used to free up other State funds for pension contributions. Although the federal government does not impose funding rules on public pension plans, these plans should be required to disclose the fair market value of plan assets and liabilities (using the Treasury yield curve as the discount rate) on an annual basis. In the aggregate, these plans were underfunded on a market basis by $6.501 trillion as of Fiscal Year (FY) 2021, even though the plans reported underfunding of only $1.076 trillion using overly optimistic assumptions. l Disclose the fair market value of plan assets and liabilities. Congress should require public pension funds to disclose the fair market value of plan assets and liabilities (using the Treasury yield curve as the discount rate) on an annual basis. Multiemployer Plans. At the request of multiemployer union pension plans, the government has given such plans much more lenient rules and discretion over funding than it has given to single-employer plans. Multiemployer plans have been severely mismanaged, and the plans have abused the discretion and deference given them by federal law and enforcement agencies to make promises that they cannot keep. As a result, these plans are generally severely underfunded, with $757 billion in aggregate underfunding, and a funding level of just 42 percent. The Biden Admin- istration has provided a massive taxpayer bailout to some of these plans, but without any needed reforms. Even worse, it gave out funds in excess of what the law allows. l Congress should reform multiemployer pensions to give participants in these plans the same protections as those in single-employer plans. Liabilities should be measured similarly to single-employer plans. Workers should be able to earn benefits at any employer in the plan, but liabilities should be divided amongst employers, instead of the current illusory joint and several liability under which no one is ultimately responsible for making up underfunding. Troubled plans should be prohibited from

Small Business Administration

Moderate
Vector: 63%
Pages: 792-794AI Enhanced

AI Analysis:

"The bill's focus on transparency and accountability for over-budget, delayed projects aligns with Project 2025's SBA goals of identifying ineffective programs, reducing waste, and improving management, though it is not SBA-specific."

Key themes:transparencyaccountabilitycost savingsprogram effectivenessoversight

— 759 — Small Business Administration ineffective programs, consolidate duplicative functions, and reallocate resources to more effective programs (such as the Office of Advocacy) or consider reducing the SBA budget. Personnel Challenges The SBA continues to expand programs and initiatives without first document- ing the effectiveness of existing programs or whether they involve areas in which the agency lacks staff expertise. For example, the SBA wants to expand the number of licensed Small Business Lending Companies (SBLCs), implement a new “Mis- sion-Based SBLC,” and remove a requirement for loan authorization within the 7(a) and 504 Loan programs and rely solely on a lender’s documents. Various IG reports have noted that the lack of skilled employees within the SBA has fueled fraud and mismanagement in COVID-19 lending programs, and congressional leaders have expressed alarm about these “changes that haphazardly overextend the SBA’s responsibilities at a time when they are devastated by fraud and underperforming on their core mission of serving the nation’s 33 million small businesses.”74 A conservative Administration should rein in these idealistic and impractical efforts, get current programs under control and properly staffed with people who can manage and perform competently, and outsource efforts where private-sector expertise is appropriate and more efficient. AUTHOR’S NOTE: The preparation of this chapter was a collective enterprise of individuals involved in the 2025 Presidential Transition Project. All contributors to this chapter are listed at the front of this volume, but David Burton and Caleb Orr deserve special mention. The author alone assumes responsibility for the content of this chapter, and no views expressed herein should be attributed to any other individual. — 760 — Mandate for Leadership: The Conservative Promise ENDNOTES 1. H.R. 7953, Small Business Act, Public Law 85-536, 85th Congress, July 18, 1958, § 2, https://uscode.ecfr.io/ statutes/pl/85/536.pdf (accessed February 17, 2023), amended by H.R. 4877, One Stop Shop for Small Business Compliance Act of 2021, Public Law 117-188, 117th Congress, October 20, 2022, https://www.congress. gov/117/plaws/publ188/PLAW-117publ188.pdf (accessed February 17, 2023). 2. U.S. Small Business Administration, “About SBA: Organization: Mission,” https://www.sba.gov/about-sba/ organization (accessed February 19, 2023). 3. Michael Faulkender, Robert Jackman, and Stephen I. Miran, “The Job-Preservation Effects of Paycheck Protection Program Loans,” U.S. Department of the Treasury, Office of Economic Policy, Working Paper No. 2020-01, December 2020, p. 9, https://home.treasury.gov/system/files/226/Job-Preservation-Effects- Paycheck-Protection-Program-Loans.pdf (accessed February 16, 2023). 4. Kate Rogers, Scott Zamost, Karina Hernandez, and Jennifer Schlesinger, “As Pandemic Aid Was Rushed to Main Street, Criminals Seized on Covid Relief Programs,” CNBC, April 15, 2021, https://www.cnbc. com/2021/04/15/as-pandemic-aid-was-rushed-to-main-street-criminals-seized-on-ppp-eidl-.html (accessed February 16, 2023). 5. Kevin Brewer, “Bills Extend Statute of Limitation for Prosecuting PPP, EIDL Fraud,” Journal of Accountancy, August 10, 2022, https://www.journalofaccountancy.com/news/2022/aug/bills-extend-statute-limitation- prosecuting-ppp-eidl-fraud.html (accessed February 16, 2023). 6. Sacha Pfeiffer, “Virtually All PPP Loans Have Been Forgiven with Limited Scrutiny,” NPR, October 12, 2022, https://www.npr.org/2022/10/12/1128207464/ppp-loans-loan-forgiveness-small-business#:~:text=As%20 COVID-19%20shutdowns%20threatened,early%20days%20of%20the%20pandemic (accessed February 16, 2023). 7. U.S. Small Business Administration, “About SBA: Organization: SBA History,” https://www.sba.gov/about-sba/ organization (accessed February 19, 2023). 8. President Richard Nixon, Executive Order 11518, “Providing for the Increased Representation of the Interests of Small Business Concerns Before Departments and Agencies of the United States Government,” March 20, 1970, in Federal Register, Vol. 35, No. 56 (March 21, 1970), pp. 4939–4940, https://tile.loc.gov/storage-services/ service/ll/fedreg/fr035/fr035056/fr035056.pdf (accessed February 18, 2023). 9. S. 3331, Small Business Amendments of 1974, Public Law 93-386, 93rd Congress, August 23, 1974, https://www. congress.gov/93/statute/STATUTE-88/STATUTE-88-Pg742.pdf (accessed February 19, 2023). 10. S. 299, Regulatory Flexibility Act, Public Law No. 96-354, 96th Congress, September 19, 1980, https://www. congress.gov/96/statute/STATUTE-94/STATUTE-94-Pg1164.pdf (accessed February 19, 2023). 11. Maeve P. Carey, “The Regulatory Flex Act: An Overview,” Congressional Research Service In Focus No. IF11900, August 16, 2021, https://crsreports.congress.gov/product/pdf/IF/IF11900 (accessed February 18, 2023). 12. U.S. Small Business Administration, Office of Advocacy, “The Regulatory Flexibility Act,” https://advocacy.sba. gov/resources/the-regulatory-flexibility-act/ (accessed February 18, 2023). 13. H.R. 644, Trade Facilitation and Trade Enforcement Act of 2015, Public Law No. 114-125, 114th Congress, February 24, 2026, https://www.congress.gov/114/statute/STATUTE-130/STATUTE-130-Pg122.pdf (accessed March 21, 2023). 14. U.S. Small Business Administration, Office of Advocacy, “Advocacy Releases Trade Report,” December 21, 2018, https://advocacy.sba.gov/2018/12/21/advocacy-releases-trade-report/ (accessed March 21, 2023). 15. Associated Press, “Reagan Offers $994-Billion ‘Hard-Choices’ 1987 Budget,” Los Angeles Times, February 5, 1986, http://www.latimes.com/archives/la-xpm-1986-02-05-mn-4369-story.html (accessed February 18, 2023). 16. Testimony of Hon. Hector V. Barreto, Administrator, Small Business Administration, in hearing, The President’s FY 2006 Budget Request for the Small Business Administration, Committee on Small Business and Entrepreneurship, U.S. Senate, 109th Congress, 1st Session, February 17, 2005, p. 8, https://books.google.com/ books?id=UwD-2ICa8k8C&printsec=frontcover&source=gbs_ge_summary_r&cad=0#v=onepage&q&f=false (accessed February 18, 2023). See also Report No. 109-49, Summary of Legislative and Oversight Activities During the 108th Congress, Committee on Small Business and Entrepreneurship, U.S. Senate, 109th Congress, 1st Session, March 30, 2005, p. 21, https://www.congress.gov/109/crpt/srpt49/CRPT-109srpt49.pdf (accessed February 18, 2023).

19

Moderate
Vector: 62%
Pages: 655-657AI Enhanced

AI Analysis:

"Both the bill and the Project 2025 policy seek to increase accountability and reduce waste in government spending, though the bill applies broadly across agencies while the policy focuses on DOT’s Build America Bureau and loan discipline."

Key themes:government spending accountabilitycost overrun transparencyfiscal disciplineinfrastructure financing oversightregulatory reform

— 622 — Mandate for Leadership: The Conservative Promise long-term maintenance costs. At a bare minimum, the number of grants should be consolidated. DOT would also reduce unnecessary burdens by returning to the Trump Admin- istration’s “rule on rules” approach to regulations, implemented in late 2019 as RIN 2105-AE84.4 This rule strengthened the Administration’s effort to remove outdated regulations, find cost-saving reforms, and clarify that guidance documents are in fact guidance rather than mandatory impositions. The Biden Administration unwisely moved away from this reform, and the next Administration should revive it without delay. BUILD AMERICA BUREAU The Build America Bureau (BAB) resides within the Office of the Secretary and describes itself as “responsible for driving transportation infrastructure develop- ment projects in the United States.”5 This lofty-sounding goal in practice means that the Bureau serves as the point of contact for distributing funds for transpor- tation projects in the form of subsidized 30-year loans. For higher-quality projects and in certain circumstances, these government loans may disintermediate the private sector from providing similar financing, albeit at higher costs. At certain times in the economic cycle, and for many lower-quality projects with more dubious economic return, similar loans from the private sector are simply not available. Should the BAB continue to exist and potentially disintermediate the private financing sector, it must maintain underwriting discipline and continue best practices of requiring rigorous financial modeling and cushion for repayment of loans in a variety of economic scenarios. In addition: l The BAB should ensure that these loans do not become grants in another form by maintaining the requirement that all project borrowers be rated at least investment grade by the major ratings agencies and that project sponsors remain liable to ensure that all financing is repaid, even in periods of financial stress and economic downturns. l Project sponsors should be required to show that projects have positive economic value to taxpayers, and sponsors should guarantee that all federal financing will be repaid through properly structured loan terms, including a minimum equity commitment from all project sponsors. l All projects should also be required to show repayment ability in various interest rate environments, and the BAB should ensure that long-term loans are structured appropriately with regard to the fixing of interest rates and hedging of interest rate risk on the part of the borrowers to avoid financial stress or default driven solely by rising interest rates.

Showing 3 of 5 policy matches

About These Correlations

Policy matches are calculated using a hybrid approach: initial candidates are found using semantic similarity between bill summaries and Project 2025 policy text, then an AI model (Llama 3.1 70B) provides detailed alignment ratings and analysis. Ratings range from 1 (minimal alignment) to 5 (very strong alignment). This analysis does not imply direct causation or intent.

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