HR 5022
97th Congress
House
Commerce
Business and commerce
Government Operations and Politics
Government service contracts
Public Contracts, Procurement, and Property
Small business
Small Business Contract Payment Procedures Act
Introduced: November 18, 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
Nov 20, 1981
Referred to Subcommittee on Government Activities and Transportation.
Nov 20, 1981
Executive Comment Requested from GSA, OMB, SBA.
Nov 18, 1981
Referred to House Committee on Government Operations.
Nov 18, 1981
Introduced in House
Plain-English summary
Small Business Contract Payment Procedures Act - Amends the Federal Property and Administrative Services Act of 1949 to require that whenever an executive agency makes progress payments under a contract for property or services, the contracting officer authorize payment in full without retention of any percentage of the contract price if: (1) satisfactory progess toward complete performance of the contract was made during any period for which a progress payment is required; and (2) the party performing the contract is a small business which has furnished an adequate performance bond.
What's happening now
Referred to Subcommittee on Government Activities and Transportation.
Committees of jurisdiction
2
Cosponsors
1