Small Business Emergency Relief Act

Summary

Small Business Emergency Relief Act - Declares it to be the policy of Congress to provide relief to small business concerns which have fixed-price Government contracts where such concerns encounter performance difficulties because of the energy crisis or rapid and unexpected escalations of contract costs. Provides that pursuant to an application by a small business concern the head of any executive agency may terminate for the convenience of the Government any fixed- price contract between that agency and such small business concern upon a finding that specified cost difficulties are shown. Requires enumerated pieces of documentation to support any such request for relief by a small business concern, including a history of performance under the contract, statements of costs and profits, and balance sheets.

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1 official file

• Introduced in House

  summary · EN · 1 August 1975

  Open at official source

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