Code · BILL · 114th Congress · H.R. 4487 (Placed on Calendar Senate) — To reduce costs of Federal real estate, improve building security, and for other purposes. · Sec. 7

Sec. 7. Eliminating Project Escalations

119 words·~1 min read·/bill/114/hr/4487/pcs/section-7

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Section 3307(c) of title 40, United States Code, is amended by adding at the end the following: The Administrator shall notify, in writing, the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Environment and Public Works of the Senate of any increase of more than 5 percent of an estimated maximum cost or of any increase or decrease in the scope or size of a project of 5 or more percent. Such notification shall include an explanation regarding any such increase or decrease. The scope or size of a project shall not increase or decrease by more than 10 percent unless an amended prospectus is submitted and approved pursuant to this section. .