Transportation Megaprojects Accountability and Oversight Act

This bill would add new requirements for federally funded highway and transportation projects with an estimated total cost of $2.5 billion or more, called megaprojects. Before construction is approved, the project's funding recipient would have to submit a risk management plan to the Secretary of Transportation covering cost overruns, delays, and financial reserves. Within 90 days of approval, the recipient would have to set up a peer review group of at least 5 experts with no financial interest in the project, which would review the project and report to the Secretary, Congress, and the recipient. Recipients would have to post engineer license information and peer review reports online, and the Transportation Research Board would study megaproject problems and report recommendations within 3 years.

Full text and official record on Congress.gov

Sponsors

• Mark DeSaulnier Democrat sponsor
• 0 cosponsors