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United States · Bill · S

S. 2479 (99th)

Prompt Payment Amendments of 1986

referredUnited States· United States Congress· EN

Introduced

21 May 1986

Last action

18 October 1986 · Introduced

Status

Referred to House Committee on Government Operations.

Sponsors

Sen. Trible, Paul S., Jr. [R-VA], Sen. Weicker, Lowell P., Jr. [R-CT], Sen. Bumpers, Dale [D-AR], Sen. Danforth, John C. [R-MO], Sen. Chiles, Lawton [D-FL], Sen. Rudman, Warren [R-NH], Sen. Levin, Carl [D-MI], Sen. Cochran, Thad [R-MS], Sen. Sasser, Jim [D-TN], Sen. Mattingly, Mack [R-GA], Sen. Dixon, Alan J. [D-IL], Sen. Nickles, Don [R-OK], Sen. Nunn, Sam [D-GA], Sen. D'Amato, Alfonse [R-NY], Sen. Baucus, Max [D-MT], Sen. Grassley, Chuck [R-IA], Sen. Harkin, Tom [D-IA], Sen. Kerry, John F. [D-MA], Sen. Zorinsky, Edward [D-NE], Sen. Moynihan, Daniel Patrick [D-NY], Sen. Boren, David L. [D-OK], Sen. Melcher, John [D-MT], Sen. Heinz, John [R-PA], Sen. Denton, Jeremiah [R-AL], Sen. Kasten, Robert W., Jr. [R-WI], Sen. Pryor, David H. [D-AR], Sen. Stafford, Robert T. [R-VT], Sen. Eagleton, Thomas F. [D-MO], Sen. Pell, Claiborne [D-RI], Sen. Andrews, Mark [R-ND], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Hollings, Ernest F. [D-SC], Sen. Hecht, Chic [R-NV], Sen. Wallop, Malcolm [R-WY], Sen. Burdick, Quentin N. [D-ND], Sen. Matsunaga, Spark M. [D-HI], Sen. Stevens, Ted [R-AK], Sen. Cohen, William S. [R-ME], Sen. Durenberger, Dave [R-MN], Sen. Quayle, Dan [R-IN], Sen. Glenn, John H., Jr. [D-OH], Sen. Gore, Albert, Jr. [D-TN], Sen. Roth Jr., William V. [R-DE], Sen. Warner, John [R-VA], Sen. Bentsen, Lloyd M. [D-TX]

Subjects

Discovery layer

Source updated

4 February 2025

Official sourceView documentsShare

Summary

Prompt Payment Amendments of 1986 - Revises Federal law to deem the head of an agency to receive an invoice on the fifth day after the date on which a property is actually delivered, or final performance of a service is actually completed, unless the contract specifies otherwise. Makes Federal prompt payment provisions applicable to the United States Postal Service. Reduces the 15-day grace period for payment of interest penalties to eight days for solicitations issued before October 1, 1988. Requires an agency to pay a double interest penalty if it fails to meet such grace period and the business concern makes a written demand that the agency pay such penalty. Makes the interest penalty provisions applicable to construction contracts for progress payments and retained amounts. Specifies the calculation of time for interest penalties on discount payments. Revises agency reporting requirements on interest penalty payments to include a description of agency payment practices. Requires the modification of Government-wide procurement regulations to implement Federal prompt payment provisions.

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

Timeline

  1. 21 May 1986

    Introduced

    Read twice and referred to the Committee on Governmental Affairs.

    Source: IntroReferral

  2. 21 May 1986

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 26 June 1986

    Committee

    Committee on Governmental Affairs requested executive comment from GSA, NASA, SBA, GAO, OMB, Defense Department.

    Source: Committee

  4. 14 July 1986

    Committee

    Committee on Governmental Affairs received executive comment from Small Business Administration.

    Source: Committee

  5. 14 August 1986

    Committee

    Subcommittee on Oversight of Government Management. Approved for full committee consideration without amendment favorably.

    Source: Committee

  6. 2 October 1986

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 1071.

    Source: Calendars

  7. 2 October 1986

    Reported

    Committee on Governmental Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Source: Committee

  8. 2 October 1986

    Reported

    Committee on Governmental Affairs. Reported to Senate by Senator Roth with an amendment in the nature of a substitute. Without written report.

    Source: Committee

  9. 15 October 1986

    Floor

    Measure laid before Senate by unanimous consent.

    Source: Floor

  10. 15 October 1986

    Passed

    Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.

    Source: Floor

  11. 18 October 1986

    Introduced

    Referred to House Committee on Government Operations.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

Leesvertaling

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  • Passed Senate amended

    summary · EN · 15 October 1986

    Open at official source

  • Reported to Senate with amendment(s)

    summary · EN · 2 October 1986

    Open at official source

    Leesvertaling

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  • Introduced in Senate

    summary · EN · 21 May 1986

    Open at official source

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Sponsors

Related records

Sources

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