[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 2893 Introduced in Senate (IS)]

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115th CONGRESS
  2d Session
                                S. 2893

 To provide for prompt payments to small business contractors, and for 
                            other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                              May 22, 2018

 Mr. Cardin (for himself and Mr. Enzi) introduced the following bill; 
  which was read twice and referred to the Committee on Armed Services

_______________________________________________________________________

                                 A BILL


 
 To provide for prompt payments to small business contractors, and for 
                            other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PROMPT PAYMENTS OF SMALL BUSINESS CONTRACTORS.

    Section 2307(a) of title 10, United States Code, is amended--
            (1) by redesignating paragraphs (1) and (2) as 
        subparagraphs (A) and (B), respectively;
            (2) by striking ``The head of any agency may--'' and 
        inserting ``(1) The head of any agency may''; and
            (3) by adding at the end the following new paragraph:
    ``(2)(A) For a prime contractor (as defined in section 8701 of 
title 41) that is a small business concern (as defined in section 3 of 
the Small Business Act (15 U.S.C. 632)), the head of an agency shall, 
to the fullest extent permitted by law, establish an accelerated 
payment date with a goal of 15 days after receipt of a proper invoice 
for the amount due if a specific payment date is not established by 
contract.
    ``(B) For a prime contractor that subcontracts with a small 
business concern, the head of an agency shall, to the fullest extent 
permitted by law, establish an accelerated payment date with a goal of 
15 days after receipt of a proper invoice for the amount due if--
            ``(i) a specific payment date is not established by 
        contract; and
            ``(ii) the prime contractor agrees to make payments to the 
        subcontractor in accordance with the accelerated payment date, 
        to the maximum extent practicable, without any further 
        consideration from or fees charged to the subcontractor.''.
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