A bill to amend the Small Business Act to require the Federal Government to pay interest on overdue payments to small business concerns and to take early payment discounts only when payment is timely made, and for other purposes.
Agency Interest Payment Act of 1981 - Amends the Small Business Act to require the Federal Government to pay interest on overdue contract payments to small businesses. Permits a Federal agency to pay a discounted contract amount offered by a small business for early payment only if such payment is actually made within the prescribed time.
Introduced in House
Introduced in House
Referred to House Committee on Small Business.
Referred to Subcommittee on General Oversight.
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