A bill to provide for emergency relief for small business concerns in connection with fixed price Government contracts.
Small Business Emergency Relief Act - Makes it the policy of Congress to provide relief to small business concerns which have fixed-price Government contracts where such concerns encounter significant and unavoidable difficulties during performance because of the energy crisis or rapid and unexpected escalations of contract costs.
States that, pursuant to an application by a small business concern, the head of any executive agency may terminate, on the basis of specified findings and for the convenience of the Government, any fixed-price contract between that agency and such small business concern.
Requires a small business concern requesting relief under this Act to support that request with specified documentation and certification.
Makes this Act applicable only to contracts entered into between January 1, 1972, and Januray 1, 1976.
Introduced in House
Introduced in House
Referred to House Committee on Small Business.
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