To amend the Small Business Act to require equitable adjustments to certain construction contracts, and for other purposes.

2/9/2022, 1:25 AM

Congressional Summary of HR 7320

This bill allows a small business performing a construction contract awarded by a federal agency to request an equitable adjustment if the agency's contracting officer directs a change in the work that is within the general scope of the contract without the agreement of the small business.

The agency must provide the small business with an interim partial payment to cover additional costs resulting from such a change, and the small business must pay a first tier subcontractor or supplier the portion of the partial payment that is attributable to additional costs incurred due to the change.

Current Status of Bill HR 7320

Bill HR 7320 is currently in the status of Bill Introduced since June 24, 2020. Bill HR 7320 was introduced during Congress 116 and was introduced to the House on June 24, 2020.  Bill HR 7320's most recent activity was Referred to the House Committee on Small Business. as of June 24, 2020

Bipartisan Support of Bill HR 7320

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 7320

Primary Policy Focus

Commerce

Potential Impact Areas

Building constructionPublic contracts and procurementSmall business

Alternate Title(s) of Bill HR 7320

To amend the Small Business Act to require equitable adjustments to certain construction contracts, and for other purposes.To amend the Small Business Act to require equitable adjustments to certain construction contracts, and for other purposes.
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