Section 1 Short title
This Act may be cited as the “Put the Brakes on Boondoggles Act”.
Put the Brakes on Boondoggles Act
A BILL
To prohibit the provision of Federal assistance to transit and rail projects with significant cost overruns and that are projected to lose money, and for other purposes.
Sec. 2 Prohibition on use of Federal funds for certain transit and rail projects
Notwithstanding any other provision of law, the Secretary of Transportation shall not provide any new assistance for a transit or rail project if—
the overall cost projection to complete the project exceeds the original cost projection by at least $1,000,000,000; and
the operational and administrative costs of the service provided by the project are projected to exceed the revenues generated from ridership annually over the next decade.