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 regarding such covered relocation— (1) such agency— (A) conducts a benefit-cost analysis on the covered relocation; and (B) submits to the Office of Inspector General for such agency a report on the findings of the benefit-cost analysis and including such other information such Office of Inspector General determines necessary for compliance with subsection (c); and (2) such Office of Inspector General reviews the report 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) shall be conducted in a manner consistent with the economic and social science principles articulated in the guidance applicable to relocations in the Office of Management and Budget Circular A–4, as in effect on September 17, 2003. (2) Analysis report (A) Contents The report described in 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; (vi) a timeline of past and future engagements with stakeholders regarding the proposed covered relocation