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Senate Bill 2893
115th Congress(2017-2018)
A bill to provide for prompt payments to small business contractors, and for other purposes.
Introduced
Introduced
Introduced in Senate on May 22, 2018
Overview
Text
Introduced in Senate 
May 22, 2018
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Introduced in Senate(May 22, 2018)
May 22, 2018
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 2893 (Introduced-in-Senate)


115th CONGRESS
2d Session
S. 2893


To provide for prompt payments to small business contractors, and for other purposes.

IN THE SENATE OF THE UNITED STATES

May 22, 2018

Mr. Cardin (for himself and Mr. Enzi) introduced the following bill; which was read twice and referred to the Committee on Armed Services

A BILL

To provide for prompt payments to small business contractors, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Prompt payments of small business contractors.

Section 2307(a) of title 10, United States Code, is amended—

(1) by redesignating paragraphs (1) and (2) as subparagraphs (A) and (B), respectively;

(2) by striking “The head of any agency may—” and inserting “(1) The head of any agency may”; and

(3) by adding at the end the following new paragraph:

“(2) (A) For a prime contractor (as defined in section 8701 of title 41) that is a small business concern (as defined in section 3 of the Small Business Act (15 U.S.C. 632)), the head of an agency shall, 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 if a specific payment date is not established by contract.

“(B) For a prime contractor that subcontracts with a small business concern, the head of an agency shall, 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 if—

“(i) a specific payment date is not established by contract; and

“(ii) the prime contractor agrees to make payments to the subcontractor in accordance with the accelerated payment date, to the maximum extent practicable, without any further consideration from or fees charged to the subcontractor.”.