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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.
Read the Full Bill
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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7320
Primary Policy Focus
CommercePotential Impact Areas
- Building construction
- Public contracts and procurement
- Small 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.
Comments
Sponsors and Cosponsors of HR 7320
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