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HR 3494 97th Congress House

Delinquent Payments Act of 1981

Official title: A bill to require the Federal Government to pay interest on overdue payments and to take early payment discounts only when payment is timely made, and for other purposes.

Introduced: October 28, 1981 See on congress.gov
Government Operations and Politics Business and commerceGovernment and businessGovernment procurementInterestPublic Contracts, Procurement, and Property
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This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) 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 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
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 Latest action May 19, 1981

Referred to Subcommittee on Legislation and National Security.

 Plain-English summary Congressional Research Service

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.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Hoyer, Steny H.
Maryland · Oct 28, 1981
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3494: Delinquent Payments Act of 1981. 97th Congress. Open America. https://openamerica.io/bill/97-HR-3494/
MLA
"H.R. 3494: Delinquent Payments Act of 1981." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-3494/.
Bluebook (legal)
H.R. 3494, 97th Cong. (2026), https://openamerica.io/bill/97-HR-3494/.
Markdown link
[H.R. 3494: Delinquent Payments Act of 1981](https://openamerica.io/bill/97-HR-3494/)
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