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United States · Bill · HR

H.R. 14432 (94th)

A bill to require the payment of interest by Federal agencies on overdue contract payments, to amend the Office of Federal Procurement Policy Act.

referredUnited States· United States Congress· EN

Introduced

17 June 1976

Last action

Status

Referred to House Committee on Government Operations.

Sponsors

Subjects

Discovery layer

Source updated

4 February 2025

Summary

Requires, under the Office of Federal Procurement Policy Act, that Federal agencies pay interest at an annual rate of at least 12 percent on any payment which is overdue by more than two weeks on a contract with a small business concern.

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Documents

1 official file

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