Prompt Payment Act Amendments of 1987

Summary

Prompt Payment Act Amendments of 1987 - Revises Federal law to deem the head of a Federal agency to have received an invoice on the later of: (1) the date on which the designated office or employee of an agency actually receives it; or (2) 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. Makes the Postmaster General responsible for issuing procurement regulations, solicitation provisions, and contract clauses. Reduces the 15-day grace period for payment of interest penalties to eight days for solicitations (other than meat products and agricultural commodities) issued before October 1, 1990. Eliminates such grace period for procurement solicitations issued on or after October 1, 1990. Requires an agency to pay a double interest penalty if: (1) the agency owes the interest penalty; (2) the interest penalty is not paid to the business concern on or after the date the penalty is due; (3) the agency does not pay the penalty within ten days after such payment is made; and (4) a written demand is made within 40 days after such payment is made. Requires regulations on interest penalties, in the case of construction contracts, to provide for the payment of interest on: (1) progress payments due for more than seven days, or a longer period if the prevailing practice in private construction contracts is to provide such longer period; and (2) amounts retained during the performance of a contract, if such amounts are not paid by the required payment date. Requires regulations on interest penalties to provide for periodic payments in the case of supply or service contracts upon: (1) the submission of an invoice for supplies delivered or services performed; and (2) acceptance of supplies or services by an authorized employee or certification of performance by such an employee. Requires Government construction contractors to include a payment provision in their agreements with their subcontractors which provides for payment in accordance with prevailing industry standards. Requires the contractor to pay a late payment interest penalty to the subcontractor at the rate applicable between the prime contractor and the Government. Declares that a prime contractor's obligation to pay an interest penalty to a subcontractor may not be construed to be an obligation of the United States. 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 the Federal acquisition regulation to implement Federal prompt payment provisions.

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

Timeline

1. 20 January 1987

   Introduced

   Read twice and referred to the Committee on Governmental Affairs.

   Source: IntroReferral

2. 20 January 1987

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 19 March 1987

   Committee

   Committee on Governmental Affairs. Hearings held. Hearings printed: S.Hrg. 100-629.

   Source: Committee

4. 19 May 1987

   Reported

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

   Source: Committee

5. 20 May 1987

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 132.

   Source: Calendars

6. 20 May 1987

   Reported

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

   Source: Committee

7. 20 May 1987

   Reported

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

   Source: Committee

8. 19 June 1987

   Floor

   By Senator Glenn from Committee on Governmental Affairs filed written report. Report No. 100-78. Additional views filed.

   Source: Floor

9. 19 June 1987

   Committee

   By Senator Glenn from Committee on Governmental Affairs filed written report. Report No. 100-78. Additional views filed.

   Source: Committee

10. 9 October 1987

    Floor

    Measure laid before Senate by unanimous consent.

    Source: Floor

11. 9 October 1987

    Vote

    Passed/agreed to in Senate: Passed Senate with an amendment by Yea-Nay Vote. 86-0. Record Vote No: 318.

    Source: Floor

12. 14 October 1987

    Introduced

    Referred to House Committee on Government Operations.

    Source: IntroReferral

13. 14 October 1987

    Floor

    Message on Senate action sent to the House.

    Source: Floor

14. 22 October 1987

    Referred

    Referred to Subcommittee on Legislation and National Security.

    Source: Committee

15. 17 March 1988

    Committee

    Subcommittee Hearings Held.

    Source: Committee

16. 23 March 1988

    Committee

    Subcommittee Hearings Held.

    Source: Committee

17. 27 April 1988

    Committee

    Forwarded by Subcommittee to Full Committee (Amended).

    Source: Committee

18. 27 April 1988

    Committee

    Subcommittee Consideration and Mark-up Session Held.

    Source: Committee

19. 9 June 1988

    Reported

    Ordered to be Reported (Amended).

    Source: Committee

20. 9 June 1988

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

21. 21 July 1988

    Calendars

    Placed on Union Calendar No: 478.

    Source: Calendars

22. 21 July 1988

    Reported

    Reported to House (Amended) by House Committee on Government Operations. Report No: 100-784.

    Source: Committee

23. 21 July 1988

    Reported

    Reported to House (Amended) by House Committee on Government Operations. Report No: 100-784.

    Source: Committee

24. 26 July 1988

    Vote

    Passed House (Amended) by Yea-Nay Vote: 394 - 0 (Record Vote No: 238).

    Source: Floor

25. 26 July 1988

    Vote

    Passed/agreed to in House: Passed House (Amended) by Yea-Nay Vote: 394 - 0 (Record Vote No: 238).

    Source: Floor

26. 26 July 1988

    Floor

    Called up by House Under Suspension of Rules.

    Source: Floor

27. 2 August 1988

    Floor

    Message on House action received in Senate and held at desk: House amendment to Senate bill.

    Source: Floor

28. 23 September 1988

    Floor

    Considered by Senate.

    Source: Floor

29. 23 September 1988

    Passed

    Senate agreed to the House amendment by Voice Vote.

    Source: ResolvingDifferences

30. 23 September 1988

    Passed

    Resolving differences -- Senate actions: Senate agreed to the House amendment by Voice Vote.

    Source: NotUsed

31. 5 October 1988

    Floor

    Presented to President.

    Source: Floor

32. 5 October 1988

    President

    Presented to President.

    Source: President

33. 5 October 1988

    Floor

    Measure Signed in Senate.

    Source: Floor

34. 17 October 1988

    President

    Signed by President.

    Source: President

35. 17 October 1988

    Became law

    Signed by President.

    Source: BecameLaw

36. 17 October 1988

    Became law

    Became Public Law No: 100-496.

    Source: President

Votes

Versions

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

Documents

6 official files

• Public Law (PDF)

  Public Law · EN · 18 October 1988

  ViewDownloadOpen at official source

• Passed House amended

  summary · EN · 26 July 1988

  Open at official source

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Reported to House with amendment(s)

  summary · EN · 21 July 1988

  Open at official source

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Passed Senate amended

  summary · EN · 9 October 1987

  Open at official source

  Leesvertaling

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Reported to Senate with amendment(s)

  summary · EN · 20 May 1987

  Open at official source

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in Senate

  summary · EN · 20 January 1987

  Open at official source

  Leesvertaling

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Sasser, Jim [D-TN] · D · Sponsor
• Sen. Trible, Paul S., Jr. [R-VA] · R · Sponsor
• Sen. Glenn, John H., Jr. [D-OH] · D · Sponsor
• Sen. Roth Jr., William V. [R-DE] · R · Sponsor
• Sen. Chiles, Lawton [D-FL] · D · Sponsor
• Sen. Danforth, John C. [R-MO] · R · Sponsor
• Sen. Bumpers, Dale [D-AR] · D · Sponsor
• Sen. Weicker, Lowell P., Jr. [R-CT] · R · Sponsor
• Sen. Cohen, William S. [R-ME] · R · Sponsor
• Sen. Levin, Carl [D-MI] · D · Sponsor
• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• Sen. Nunn, Sam [D-GA] · D · Sponsor
• Sen. Zorinsky, Edward [D-NE] · D · Sponsor
• Sen. Baucus, Max [D-MT] · D · Sponsor
• Sen. Rudman, Warren [R-NH] · R · Sponsor
• Sen. Dixon, Alan J. [D-IL] · D · Sponsor
• Sen. Boren, David L. [D-OK] · D · Sponsor
• Sen. Kasten, Robert W., Jr. [R-WI] · R · Sponsor
• Sen. Kerry, John F. [D-MA] · D · Sponsor
• Sen. Sanford, Terry [D-NC] · D · Sponsor
• Sen. Nickles, Don [R-OK] · R · Sponsor
• Sen. Harkin, Tom [D-IA] · D · Sponsor
• Sen. Grassley, Chuck [R-IA] · R · Sponsor
• Sen. Mikulski, Barbara A. [D-MD] · D · Sponsor
• Sen. Stevens, Ted [R-AK] · R · Sponsor
• Sen. Bingaman, Jeff [D-NM] · D · Sponsor
• Sen. Pryor, David H. [D-AR] · D · Sponsor
• Sen. Garn, E. J. (Jake) [R-UT] · R · Sponsor
• Sen. Mitchell, George J. [D-ME] · D · Sponsor
• Sen. Fowler, Wyche, Jr. [D-GA] · D · Sponsor
• Sen. Gore, Albert, Jr. [D-TN] · D · Sponsor
• Sen. Stennis, John C. [D-MS] · D · Sponsor
• Sen. Hecht, Chic [R-NV] · R · Sponsor
• Sen. Hollings, Ernest F. [D-SC] · D · Sponsor
• Sen. Heinz, John [R-PA] · R · Sponsor
• Sen. Heflin, Howell [D-AL] · D · Sponsor
• Sen. Wallop, Malcolm [R-WY] · R · Sponsor
• Sen. Humphrey, Gordon J. [R-NH] · R · Sponsor
• Sen. Leahy, Patrick J. [D-VT] · D · Sponsor
• Sen. Stafford, Robert T. [R-VT] · R · Sponsor
• Sen. Adams, Brock [D-WA] · D · Sponsor
• Sen. Lugar, Richard G. [R-IN] · R · Sponsor
• Sen. Pell, Claiborne [D-RI] · D · Sponsor
• Sen. Packwood, Bob [R-OR] · R · Sponsor
• Sen. Burdick, Quentin N. [D-ND] · D · Sponsor
• Sen. Durenberger, Dave [R-MN] · R · Sponsor
• Sen. Dodd, Christopher J. [D-CT] · D · Sponsor

Showing 48 of 91 sponsors and actors.

Related records

• related to → Small Business Prompt Payment Act Amendments of 1987
• amends ← To provide for interest payments on certain agricultural payments if prompt payment is not made.
• amends ← SAMDT 945
• amends ← To establish a Presidential Advisory Panel for Coordination for Government Debt Collection and Delinquency Prevention Activities.
• amends ← SAMDT 949
• amends ← SAMDT 947
• amends ← SAMDT 946
• amends ← An amendment to establish a Presidential Advisory Panel for Coordination of Government Debt Collection and Delinquency Prevention Activities.

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