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- H.R.716
H.R.716: To amend title 31, United States Code, to establish an interest penalty for failure to make prompt payments under service contracts with small business concerns.
About This Bill
- This bill was introduced in the 103rd Congress
- This bill is primarily about government operations and politics
- Introduced Feb. 2, 1993
- Latest Major Action Feb. 19, 1993
Bill Sponsor
Bill Cosponsor
Bill Summary
Provides that in the case of a failure to make a payment under a Federal service contract with a small business concern by the payment due date, the interest penalty shall be paid without regard to whether such concern is obligated to provide property or services after the required payment date.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Government Operations.
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Referred to the Subcommittee on Legislation and National Security.
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Feb. 2, 1993 |
Introduced in the House by Barney Frank (D-Mass.) |