Small Business Payment for Performance Act of 2017
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in house (May 23, 2017)
Small Business Payment for Performance Act of 2017
This bill amends the Small Business Act to allow a small business performing a construction contract awarded by a federal agency to submit a request for an equitable adjustment to the agency's contracting officer if such officer directs a change in the terms of the contract performance without the agreement of the small business.
The agency must provide to the small business an interim partial payment of at least 50% of the estimated amount required to cover additional costs resulting from such change. Such small business shall pay to a first tier subcontractor or supplier the portion of such payment that is attributable to the increased costs of performance incurred by such subcontractor or supplier due to such change.
What just happenedJun 15, 2017
Ordered to be Reported (Amended).
Who’s behind it
- Introduced in HouseMay 23, 2017
- Jun 15, 2017Committee
Ordered to be Reported (Amended).
Small Business Committee - Jun 15, 2017Committee
Committee Consideration and Mark-up Session Held.
Small Business Committee - May 23, 2017IntroReferralH11100
Referred to the House Committee on Small Business.
Small Business Committee - May 23, 2017IntroReferralIntro-H
Introduced in House
- May 23, 2017IntroReferral1000
Introduced in House