Bill
Bill > S2893
US S2893
A bill to provide for prompt payments to small business contractors, and for other purposes.
summary
Introduced
05/22/2018
05/22/2018
In Committee
05/22/2018
05/22/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
A bill to provide for prompt payments to small business contractors, and for other purposes.
AI Summary
This bill aims to provide for prompt payments to small business contractors. Specifically, it amends Section 2307(a) of Title 10 of the United States Code to require the head of any agency to, to the fullest extent permitted by law, establish an accelerated payment date with a goal of 15 days after receipt of a proper invoice for the amount due for a prime contractor that is a small business concern. Additionally, the bill requires the head of an agency to establish a similar accelerated payment date for a prime contractor that subcontracts with a small business concern, as long as the prime contractor agrees to make payments to the subcontractor in accordance with the accelerated payment date without any further consideration or fees charged to the subcontractor.
Committee Categories
Military Affairs and Security
Sponsors (2)
Last Action
Read twice and referred to the Committee on Armed Services. (on 05/22/2018)
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/senate-bill/2893/all-info |
| BillText | https://www.congress.gov/115/bills/s2893/BILLS-115s2893is.pdf |
| Bill | https://www.congress.gov/115/bills/s2893/BILLS-115s2893is.pdf.pdf |
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