HR 3494
97th Congress
House
Government Operations and Politics
Business and commerce
Government and business
Government procurement
Interest
Public Contracts, Procurement, and Property
Delinquent Payments Act of 1981
Introduced: May 7, 1981
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 19, 1981
Referred to Subcommittee on Legislation and National Security.
May 19, 1981
Executive Comment Requested from Office of Fed Procurement Policy, OMB, SBA, Treasury.
May 7, 1981
Referred to House Committee on Government Operations.
May 7, 1981
Introduced in House
Plain-English summary
Delinquent Payments Act of 1981 - Requires Federal agencies to pay interest on overdue payments to businesses for property or services. Specifies the procedure for computing such interest. Requires an agency to pay any such interest charges out of funds made available for administration of its programs.
Allows an agency to take advantage of an early payment discount only if payment is made within the time specified by the business.
Directs each agency to report to Congress annually on interest payments made during the fiscal year.
What's happening now
Referred to Subcommittee on Legislation and National Security.
Committees of jurisdiction
2
Cosponsors
1