A bill to require that the Federal Government pay interest on overdue contract payments, and for other purposes.

[AI summary unavailable — showing source text] Requires a Federal agency to pay a specified rate of interest on any contract payment which is more than 30 days overdue. Entitles any holder of a Federal contract or subcontractor under a Federal contract for which payment is overdue to commence an action in the United States Court of Claims to recover such payment.…