H.R. 4228 · 114th Congress
Transportation Megaprojects Accountability and Oversight Act of 2015
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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DeSaulnierSponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Transportation Megaprojects Accountability and Oversight Act of 2015
What it does: CRS summary · Introduced in House · Dec 10, 2015
Transportation Megaprojects Accountability and Oversight Act of 2015
This bill requires a recipient of federal financial assistance under National Highway System provisions for a megaproject (a project that has an estimated total cost of $2.5 billion or more and such other projects as may be identified by the Department of Transportation [DOT]), in order to be authorized for construction, to submit to DOT a comprehensive risk management plan that contains:
- a description of the process by which the recipient will identify, quantify, and monitor the risks that might result in cost overruns, project delays, reduced construction quality, or reductions in benefits;
- examples of mechanisms the recipient will use to track such risks;
- a plan to control such risks; and
- assurances that the recipient will regularly submit updated cost estimates and maintain and regularly reassess financial reserves for addressing risks.
A recipient also must establish a peer review group to give expert advice on the scientific, technical, and project management aspects of the project. Each peer review group must:
- meet annually until the project is completed;
- review the project within 90 days after any significant change in its scope, schedule, or budget; and
- report on the findings of each review to DOT, Congress, and the recipient.
Each recipient must publish such report on its website, along with the name, license number, and license type of each engineer supervising an aspect of the project.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Transportation Megaprojects Accountability and Oversight Act of 2015
Latest action (Dec 11, 2015): Referred to the Subcommittee on Highways and Transit.
Policy area: Transportation and Public Works · Origin: House · Introduced: Dec 10, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.