HR 858
98th 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: January 25, 1983
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 4, 1983
Referred to Subcommittee on Government Activities and Transportation.
Feb 4, 1983
Executive Comment Requested from OMB, SBA, GSA.
Jan 25, 1983
Referred to House Committee on Government Operations.
Jan 25, 1983
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 shall authorize payment in full without retention of any percentage of the contract price if: (1) satisfactory progress 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