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United States · Bill · HR

H.R. 858 (98th)

Small Business Contract Payment Procedures Act

referredUnited States· United States Congress· EN

Introduced

25 January 1983

Last action

—

Status

Referred to Subcommittee on Government Activities and Transportation.

Sponsors

—

Subjects

Discovery layer

Source updated

29 August 2025

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Summary

Small Business Contract Payment Procedures Act - Amends the Federal Property and Administrative Services Act of 1949 to require that whenever an executive agency makes progress payments under a contract for property or services, the contracting officer shall authorize payment in full without retention of any percentage of the contract price if: (1) satisfactory progress toward complete performance of the contract was made during any period for which a progress payment is required; and (2) the party performing the contract is a small business which has furnished an adequate performance bond.

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1 official file

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