Skip to main content
HR 4895 97th Congress House

A bill to amend the Federal Property and Administrative Services Act of 1949 to require that interest be paid on certain late payments made by Federal agencies under contracts with small business…

Official title: A bill to amend the Federal Property and Administrative Services Act of 1949 to require that interest be paid on certain late payments made by Federal agencies… Show full official titleShow less

Official title: A bill to amend the Federal Property and Administrative Services Act of 1949 to require that interest be paid on certain late payments made by Federal agencies under contracts with small business concerns and to provide that all payments under such contracts shall be paid within 6 months after completion.

Introduced: December 14, 1981 See on congress.gov
Government Operations and Politics Business and commerceGovernment and businessGovernment procurementInterest
More subjectsShow fewer subjects
Public Contracts, Procurement, and PropertySmall business
Sign in to write a letter Sign in to watch
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
Nov 13, 1981
Referred to Subcommittee on Legislation and National Security.
Nov 13, 1981
Executive Comment Requested from GAO, GSA, OFPP, OMB, SBA, Treasury.
Nov 4, 1981
Introduced in House
Nov 4, 1981
Referred to House Committee on Government Operations.
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action November 13, 1981

Referred to Subcommittee on Legislation and National Security.

 Plain-English summary Congressional Research Service

Amends the Federal Property and Administrative Services Act of 1949 to require Federal agencies to pay small businesses interest on contract payments not made within 45 days after the contract has been completed. Specifies the period and rate of interest.

Directs the Secretary of the Treasury to make any contract payments not made by an agency within six months after the contract has been completed and to charge that agency's account of appropriations.

Requires each agency to report to Congress annually concerning the small business contracts for which the agency had to make interest payments or the Secretary had to make payments.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Wyden, Ron
Oregon · Dec 14, 1981
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4895: A bill to amend the Federal Property and Administrative Services Act of 1949 to require that interest be paid on certain late payments made by Federal agencies under contracts with small business concerns and to provide that all payments under such contracts shall be paid within 6 months after completion.. 97th Congress. Open America. https://openamerica.io/bill/97-HR-4895/
MLA
"H.R. 4895: A bill to amend the Federal Property and Administrative Services Act of 1949 to require that interest be paid on certain late payments made by Federal agencies under contracts with small business concerns and to provide that all payments under such contracts shall be paid within 6 months after completion.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-4895/.
Bluebook (legal)
H.R. 4895, 97th Cong. (2026), https://openamerica.io/bill/97-HR-4895/.
Markdown link
[H.R. 4895: A bill to amend the Federal Property and Administrative Services Act of 1949 to require that interest be paid on certain late payments made by Federal agencies under contracts with small business concerns and to provide that all payments under such contracts shall be paid within 6 months after completion.](https://openamerica.io/bill/97-HR-4895/)
Report a problem