Title: Accelerated Payments for Small Businesses Act of 2019
Policy area: Government Operations and Politics

Summary:
Accelerated Payments for Small Businesses Act of 2019
This bill establishes a goal for federal agencies to pay small business invoices within 15 days of receiving a proper invoice if a specific payment date is not established by contract.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 2852 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                S. 2852

  To amend section 3903 of title 31, United States Code, to establish 
    accelerated payments applicable to contracts with certain small 
               business concerns, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           November 13, 2019

  Ms. McSally introduced the following bill; which was read twice and 
referred to the Committee on Homeland Security and Governmental Affairs

_______________________________________________________________________

                                 A BILL


 
  To amend section 3903 of title 31, United States Code, to establish 
    accelerated payments applicable to contracts with certain small 
               business concerns, 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. SHORT TITLE.

    This Act may be cited as the ``Accelerated Payments for Small 
Businesses Act of 2019''.

SEC. 2. ACCELERATED PAYMENTS APPLICABLE TO CONTRACTS WITH CERTAIN SMALL 
              BUSINESS CONCERNS UNDER THE PROMPT PAYMENT ACT.

    Section 3903(a) of title 31, United States Code, is amended--
            (1) in paragraph (1)(B), by inserting ``except as provided 
        in paragraphs (10) and (11),'' before ``30 days'';
            (2) in paragraph (8), by striking ``and'' at the end;
            (3) in paragraph (9), by striking the period at the end and 
        inserting a semicolon; and
            (4) by adding at the end the following:
            ``(10) 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)), to the 
        fullest extent permitted by law, require that the head of an 
        agency establish an accelerated payment date with a goal of 15 
        days after a proper invoice for the amount due is received if a 
        specific payment date is not established by contract; and
            ``(11) for a prime contractor (as defined in section 8701 
        of title 41) that subcontracts with a small business concern 
        (as defined in section 3 of the Small Business Act (15 U.S.C. 
        632)), to the fullest extent permitted by law, require that the 
        head of an agency establish an accelerated payment date with a 
        goal of 15 days after a proper invoice for the amount due is 
        received if--
                    ``(A) a specific payment date is not established by 
                contract; and
                    ``(B) 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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