summary
Introduced
11/13/2019
11/13/2019
In Committee
11/13/2019
11/13/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to amend section 3903 of title 31, United States Code, to establish accelerated payments applicable to contracts with certain small business concerns, and for other purposes. This bill establishes a goal for federal agencies to pay small business invoices within 15 days of receiving a proper invoice if a specific payment date is not established by contract.
AI Summary
This bill establishes a goal for federal agencies to pay small business invoices within 15 days of receiving a proper invoice if a specific payment date is not established by contract. It also requires federal agencies to establish accelerated payment dates with a 15-day goal for prime contractors that are small businesses or that subcontract with small businesses, as long as the prime contractor agrees to make payments to the subcontractor within the accelerated timeline without any additional fees.
Committee Categories
Military Affairs and Security
Sponsors (1)
Last Action
Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (on 11/13/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/2852/all-info |
| BillText | https://www.congress.gov/116/bills/s2852/BILLS-116s2852is.pdf |
| Bill | https://www.congress.gov/116/bills/s2852/BILLS-116s2852is.pdf.pdf |
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