118th Congress · HOUSE BILLBILL

H.R. 2726Small Business Payment for Performance Act of 2023

To amend the Small Business Act to provide interim partial payment to small business contractors that request an equitable adjustment due to a change in the terms of a construction contract, and for other purposes.

Commerce
Introduced Apr 19, 2023
Last action Apr 19, 2023
Pipeline · Bill → Law
Step 1
Introduced
Apr 19, 2023
Step 2
Referred
Apr 19, 2023
Small Business
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill allows a small business that is awarded a construction contract by a federal agency to request an equitable adjustment if the agency's contracting officer directs a change in the contract's performance without the agreement of the small business. The agency must provide the small business with an interim partial payment to cover additional costs resulting from such a change, and the small business must pay a first tier subcontractor or supplier the portion of the partial payment that is attributable to additional costs incurred due to the change.

Provisions · 2 sectionsIntroduced in House
Timeline · 2 actions
Apr 19, 2023
Introduced in House
Apr 19, 2023
Referred to the House Committee on Small Business.