summary
Introduced
03/20/2018
03/20/2018
In Committee
03/20/2018
03/20/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Accelerated Payments for Small Businesses Act of 2018
AI Summary
This bill amends the Prompt Payment Act to establish accelerated payment timelines for federal government contracts with small business concerns. Specifically, it requires the government to establish a goal of making payments to prime contractors that are small businesses within 15 days of receiving a proper invoice, and to establish a similar 15-day accelerated payment goal for prime contractors that subcontract with small businesses, as long as the prime contractor agrees to pass on those accelerated payments to the subcontractor. The goal is to provide faster access to funds for small businesses that contract with the federal government.
Committee Categories
Government Affairs
Sponsors (11)
Stephen Knight (R)*,
Madeleine Bordallo (D),
Steve Chabot (R),
Yvette Clarke (D),
John Delaney (D),
Adriano Espaillat (D),
Bill Flores (R),
Alcee Hastings (D),
Jamie Raskin (D),
Bennie Thompson (D),
Nydia Velázquez (D),
Last Action
Referred to the House Committee on Oversight and Government Reform. (on 03/20/2018)
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/115th-congress/house-bill/5337/all-info |
| BillText | https://www.congress.gov/115/bills/hr5337/BILLS-115hr5337ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr5337/BILLS-115hr5337ih.pdf.pdf |
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