1. Short title This Act may be cited as the Congressional Oversight to Secure Transparency of Relocations Act or the COST of Relocations Act . 2. Benefit-cost analysis on certain relocations (a) In general Except as provided in subsection (d), a Federal agency may not carry out a covered relocation unless, prior to any submission to the Office of Management and Budget or other reviewing entity relating to such covered relocation— (1) the Federal agency— (A) conducts a benefit-cost analysis on the covered relocation; and (B) submits to the Inspector General of the Federal agency a report on the findings of the benefit-cost analysis and includes in the report such other information the Inspector General determines necessary for compliance with subsection (c); and (2) the Inspector General of the Federal agency reviews the report submitted pursuant to paragraph (1) and submits to Congress the report described in subsection (c). (b) Benefit-Cost analysis (1) In general The benefit-cost analysis described in subsection (a)(1)(A) shall be conducted in a manner consistent with the economic and social science principles articulated in the guidance applicable to relocations in the document of the Office of Management and Budget entitled Circular A–4 , as in effect on September 17, 2003. (2) Analysis report (A) Contents Each report submitted by the Inspector General of a Federal agency pursuant to subsection (a)(1)(B) shall include, at a minimum— (i) the anticipated outcomes and improvements that will result from the proposed covered relocation, quantified in monetary or other appropriate measures to the extent practicable; (ii) an explanation of how the proposed covered relocation will result in the anticipated outcomes and improvements; (iii) the metrics for measuring whether the proposed covered relocation results in the anticipated outcomes and improvements; (iv) a detailed employee engagement plan; (v) a list of stakeholders