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HR 4709 97th Congress House Government Operations and Politics Business and commerce Farm produce Government and business Government procurement Interest Meat Public Contracts, Procurement, and Property

Prompt Payment Act

Introduced: October 7, 1981 See on congress.gov
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 Everywhere this bill has been 17 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 23, 1982
Other Measure S.1131 (Amended) Passed House in Lieu.
Mar 23, 1982
Laid on Table in House by Voice Vote.
Mar 23, 1982
Passed House (Amended) by Yea-Nay Vote: 396 - 0 (Record Vote No: 36).
Mar 23, 1982
Passed/agreed to in House: Passed House (Amended) by Yea-Nay Vote: 396 - 0 (Record Vote No: 36).
Mar 23, 1982
Called up by House Under Suspension of Rules.
Mar 18, 1982
Placed on Union Calendar No: 281.
Mar 18, 1982
Reported to House (Amended) by House Committee on Government Operations. Report No: 97-461.
Mar 4, 1982
Ordered to be Reported (Amended).
Mar 4, 1982
Committee Consideration and Mark-up Session Held.
Feb 24, 1982
Forwarded by Subcommittee to Full Committee (Amended).
Feb 24, 1982
Subcommittee Consideration and Mark-up Session Held.
Jan 26, 1982
Subcommittee Hearings Held.
Dec 2, 1981
Subcommittee Hearings Held.
Oct 19, 1981
Referred to Subcommittee on Legislation and National Security.
Oct 19, 1981
Executive Comment Requested from GAO, GSA, OMB, OFPP, SBA, Treasury.
Oct 7, 1981
Referred to House Committee on Government Operations.
Oct 7, 1981
Introduced in House
 Plain-English summary Congressional Research Service

Prompt Payment Act of 1981 - Requires Federal agencies to pay interest on overdue payments to businesses for property or services. Requires the Office of Management and Budget (OMB) to prescribe required payment dates.

Specifies the procedures for computing such interest. Requires an agency to pay any interest charges out of funds made available for administration of its programs.

Authorizes Federal grant recipients to provide for the payment of interest on overdue payments on their procurement contracts.

Directs each agency to report to OMB annually on interest payments made during the fiscal year. Requires OMB to report to specified congressional committees on agency compliance with this Act.

Requires the Director of OMB to delegate responsibility for OMB functions under this Act to the Office of Federal Procurement Policy.

What's happening now March 23, 1982

Other Measure S.1131 (Amended) Passed House in Lieu.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 1 Republican 1