United States · Bill · HR
H.R. 5075 (97th)
Small Business Prompt Payment Act of 1981
Introduced
20 November 1981
Last action
—
Status
Referred to Subcommittee on General Oversight.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
Summary
Small Business Prompt Payment Act of 1981 - Amends the Small Business Act to require the Federal Government to pay interest on overdue contract payments to small businesses. Permits a Federal agency to pay a discounted contract amount offered by a small business concern for early payment only if the payment is actually made within the time specified in the offer. Requires Federal agencies to file reports on interest payments made pursuant to this Act with the Senate and House Committees on Small Business.
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Documents
1 official file
Introduced in House
summary · EN · 20 November 1981
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/97th-congress/house-bill/5075
- Open data entity: https://api.congress.gov/v3/bill/97/hr/5075