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H.R. 1053 96th Congress House

A bill to require the payment of interest by Federal agencies on overdue contract payments, to amend the Office of Federal Procurement Policy Act, and for other purposes.

Introduced: January 18, 1979 See on congress.gov
Government Operations and Politics Business and commerceGovernment and businessGovernment procurementInterest
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Public Contracts, Procurement, and PropertySmall business
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This bill died when the 96th Congress ended
It never became law before the 96th Congress (1979–1980) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 18, 1979
Referred to House Committee on Government Operations.
Jan 18, 1979
Introduced in House
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 Latest action January 18, 1979

Referred to House Committee on Government Operations.

 Plain-English summary Congressional Research Service

Requires, under the Office of Federal Procurement Policy Act, that Federal agencies pay interest at an annual rate of at least 12 percent on any payment which is overdue by more than four weeks on a contract with a small business concern.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 1053: A bill to require the payment of interest by Federal agencies on overdue contract payments, to amend the Office of Federal Procurement Policy Act, and for other purposes.. 96th Congress. Open America. https://openamerica.io/bill/96-HR-1053/
MLA
"H.R. 1053: A bill to require the payment of interest by Federal agencies on overdue contract payments, to amend the Office of Federal Procurement Policy Act, and for other purposes.." 96th Congress, 2026, Open America, https://openamerica.io/bill/96-HR-1053/.
Bluebook (legal)
H.R. 1053, 96th Cong. (2026), https://openamerica.io/bill/96-HR-1053/.
Markdown link
[H.R. 1053: A bill to require the payment of interest by Federal agencies on overdue contract payments, to amend the Office of Federal Procurement Policy Act, and for other purposes.](https://openamerica.io/bill/96-HR-1053/)
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