Federal Small Businesses Contractor Prompt Payment Reporting Act
2/8/2022, 11:16 PMCongressional Summary of HR 7342
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.
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Current Status of Bill HR 7342
Bill HR 7342 is currently in the status of Bill Introduced since June 25, 2020. Bill HR 7342 was introduced during Congress 116 and was introduced to the House on June 25, 2020. Bill HR 7342's most recent activity was Referred to the House Committee on Small Business. as of June 25, 2020Bipartisan Support of Bill HR 7342
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7342
Primary Policy Focus
CommercePotential Impact Areas
Congressional oversightGovernment information and archivesPublic contracts and procurementSmall businessAlternate Title(s) of Bill HR 7342
Federal Small Businesses Contractor Prompt Payment Reporting ActTo require a report on accelerated payments to certain small business concerns, and for other purposes.Federal Small Businesses Contractor Prompt Payment Reporting ActComments
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