S 30 · 97th Congress · Government Operations and Politics

A bill to provide for the payment of interest by the Federal Government on any amount due for more than thirty days to any person under the terms of a contract entered into by the Federal Government and such person.

Introduced 1981-01-05· Sponsored by Sen. Sasser, Jim [D-TN]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Subcommittee on Federal Expenditures. Hearings held.(1981-05-13)

Plain Language Summary

[AI summary unavailable — showing source text] Requires each Federal agency to include in each of its contracts for goods or services a provision specifying that the United States will pay interest on contract payments not paid by the thirtieth day after the agency receives a proper invoice for the goods or services.…

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

Cosponsors (3)

3 Democrats