Transportation Megaprojects Accountability and Oversight Act
Summary
The Transportation Megaprojects Accountability and Oversight Act aims to amend Title 23 of the United States Code, introducing stricter requirements for transportation projects exceeding $2.5 billion. It mandates comprehensive risk management plans, peer review groups, and increased transparency through public disclosures. The Act seeks to improve oversight and accountability for large-scale transportation projects.
Expected Effects
This act will likely increase the initial administrative burden and potentially delay the start of megaprojects due to the new requirements. However, it could also lead to better project management, reduced cost overruns, and improved project outcomes in the long run. It also mandates increased transparency.
Potential Benefits
- Improved risk management for large transportation projects.
- Enhanced transparency through public disclosure of project information.
- Expert advice from peer review groups on project aspects.
- Potential for reduced cost overruns and project delays.
- Better alignment of project scope, schedule, and budget.
Potential Disadvantages
- Increased administrative burden for project recipients.
- Potential delays in project commencement due to new requirements.
- Possible increased costs associated with risk management and peer reviews.
- Risk of conflicts of interest within peer review groups despite guidelines.
- Potential for bureaucratic hurdles in project implementation.
Constitutional Alignment
The Act aligns with the Constitution's Article I, Section 8, which grants Congress the power to regulate interstate commerce and provide for the general welfare. By establishing requirements for transportation projects, the Act falls under Congress's authority to facilitate transportation infrastructure. The requirements for transparency also align with principles of government accountability.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).