Federal Small Businesses Contractor Prompt Payment Reporting Act

2/8/2022, 11:16 PM

Federal Small Businesses Contractor Prompt Payment Reporting Act

This bill requires each federal agency to report to Congress on the timeliness, including acceleration, of payments made to a prime contractor that is a small business or that subcontracts with a small business.

Congress
116
Number
HR - 7342
Introduced on
2020-06-25
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

6/25/2020
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Federal Small Businesses Contractor Prompt Payment Reporting Act

This bill requires each federal agency to report to Congress on the timeliness, including acceleration, of payments made to a prime contractor that is a small business or that subcontracts with a small business.

Alternative Names
Official Title as IntroducedTo require a report on accelerated payments to certain small business concerns, and for other purposes.
Policy Areas
Commerce
Potential Impact
Congressional oversight•
Government information and archives•
Public contracts and procurement•
Small business

Comments

Recent Activity

Latest Summary7/22/2020

Federal Small Businesses Contractor Prompt Payment Reporting Act

This bill requires each federal agency to report to Congress on the timeliness, including acceleration, of payments made to a prime contractor that is a small business...

Latest Action6/25/2020
Referred to the House Committee on Small Business.