HR 454 · 95th Congress · Government Operations and Politics

A bill to require the payment of interest by Federal agencies on overdue contract payments, to amend the Office of Federal Procurement Policy Act.

Introduced 1977-01-04· Sponsored by Rep. Lagomarsino, Robert J. [R-CA-19]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Government Operations.(1977-01-04)

Plain Language Summary

[AI summary unavailable — showing source text] Requires, under the Office of Federal Procurement Policy Act, that Federal agencies pay interest at an annual rate of at least 12 percent on any payment which is overdue by more than two weeks on a contract with a small business concern.…

Summarized by Claude AI · Non-partisan · For informational purposes only