S. 30 — 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.

Summary

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.

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Legislative Actions

1981-01-05
Introduced in Senate
1981-01-05
Read second time and referred to Senate Committee on Governmental Affairs.
1981-01-21
Referred to Subcommittee on Federal Expenditures.
1981-01-30
Committee on Governmental Affairs requested executive comment from GAO; OMB; Office of Federal Procurement Policy, Commerce Department; Treasury Department; Small Business Administration.
1981-02-23
Committee on Governmental Affairs received executive comment from OMB. Favorable.
1981-05-13
Subcommittee on Federal Expenditures. Hearings held.

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.

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