HR 2949
117th Congress
House
Government Operations and Politics
Building construction
Government buildings, facilities, and property
Inflation and prices
Public contracts and procurement
To amend section 1908 of title 41, United States Code, to exempt certain contracts from the periodic inflation adjustments to an acquisition-related dollar threshold.
Introduced: April 30, 2021
Introduced by:
Velázquez, Nydia M.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 30, 2021
Referred to the House Committee on Oversight and Reform.
Apr 30, 2021
Introduced in House
Plain-English summary
This bill exempts certain contracts from periodic inflation adjustments to the acquisition-related dollar threshold.
Current law establishes dollar thresholds related to acquisition spending by federal agencies and it requires those thresholds to be adjusted every five years for inflation. The bill exempts certain contracts (e.g., contracts of more than $100,000 for the construction, alteration, or repair of any public building or public work of the federal government) from this adjustment.
What's happening now
Referred to the House Committee on Oversight and Reform.
Committees of jurisdiction
1
Cosponsors
1