Search Results: keywords:"budget overruns"

  • S. 5196 — To amend the Internal Revenue Code of 1986 to establish the New Homes Tax Credit.
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    Status:Introduced in Senate
    Words:2,710

    The bill S. 5196 seeks to amend the Internal Revenue Code of 1986 to create a "New Homes Tax Credit." This proposed tax credit aims to encourage investments in housing development entities that fund the construction or renovation of homes for low- and moderate-income...

    Simple Explanation

    The bill wants the government to give people money back if they help build or fix houses for families who do not have a lot of money. It plans to spend a lot over several years to make sure more affordable houses get made, but there are concerns it might not help everyone equally.

  • S. 1258 — An Act To require the Director of the Office of Management and Budget to submit to Congress an annual report on projects that are over budget and behind schedule, and for other purposes.
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    Status:Engrossed in Senate
    Words:787

    S. 1258, also known as the “Billion Dollar Boondoggle Act of 2023,” requires the Director of the Office of Management and Budget to submit an annual report to Congress. This report will detail any government projects that are significantly over budget (by at least $1 billion)...

    Simple Explanation

    The Billion Dollar Boondoggle Act of 2023 says that every year, a special person in the government has to tell the grown-ups in charge about any big government projects that cost way more money than planned or are taking too long to finish. This way, everyone can see which projects need extra help to get back on track.