Prompt Payment Improvement Act of 2007

Summary

Prompt Payment Improvement Act of 2007 - Requires: (1) the Director of the Office of Management and Budget to set forth in writing the prompt payment policy applicable to subcontractors under federal contracts; and (2) the head of each federal agency to provide a copy of such policy to each contractor and to require each contractor to provide a copy to each subcontractor. Directs each agency head to require contractors to include in each subcontract a clause containing: (1) the requirements and penalties relating to the timely payment obligations of the government and prime contractors; (2) the name and number of a senior employee with authority to resolve progress payment questions; and (3) the obligations of the Office of Small and Disadvantaged Business Utilization in assisting small business contractors and subcontractors in receiving prompt payments.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 18 April 2007

   Introduced

   Referred to the House Committee on Oversight and Government Reform.

   Source: IntroReferral

2. 18 April 2007

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 April 2007

   Introduced

   Introduced in House

   Source: IntroReferral

4. 30 April 2007

   Referred

   Referred to the Subcommittee on Government Management, Organization, and Procurement.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 18 April 2007 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 18 April 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 18 April 2007

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 18 April 2007

  Open at official source

Sponsors

• Rep. Wynn, Albert Russell [D-MD-4] · D · Sponsor
• · hsgo00 · Standing

Related records

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