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Senate Bill 2852
116th Congress(2019-2020)
Accelerated Payments for Small Businesses Act of 2019
Introduced
Introduced
Introduced in Senate on Nov 13, 2019
Overview
Text
Introduced in Senate 
Nov 13, 2019
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Introduced in Senate(Nov 13, 2019)
Nov 13, 2019
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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.
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S. 2852 (Introduced-in-Senate)


116th CONGRESS
1st Session
S. 2852


To amend section 3903 of title 31, United States Code, to establish accelerated payments applicable to contracts with certain small business concerns, and for other purposes.

IN THE SENATE OF THE UNITED STATES

November 13, 2019

Ms. McSally introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs

A BILL

To amend section 3903 of title 31, United States Code, to establish accelerated payments applicable to contracts with certain small business concerns, 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. Short title.

This Act may be cited as the “Accelerated Payments for Small Businesses Act of 2019”.

SEC. 2. Accelerated payments applicable to contracts with certain small business concerns under the Prompt Payment Act.

Section 3903(a) of title 31, United States Code, is amended—

(1) in paragraph (1)(B), by inserting “except as provided in paragraphs (10) and (11),” before “30 days”;

(2) in paragraph (8), by striking “and” at the end;

(3) in paragraph (9), by striking the period at the end and inserting a semicolon; and

(4) by adding at the end the following:

“(10) 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)), to the fullest extent permitted by law, require that the head of an agency establish an accelerated payment date with a goal of 15 days after a proper invoice for the amount due is received if a specific payment date is not established by contract; and

“(11) for a prime contractor (as defined in section 8701 of title 41) that subcontracts with a small business concern (as defined in section 3 of the Small Business Act (15 U.S.C. 632)), to the fullest extent permitted by law, require that the head of an agency establish an accelerated payment date with a goal of 15 days after a proper invoice for the amount due is received if—

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

“(B) 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.”.