To amend section 1908 of title 41, United States Code, to exempt certain contracts from the periodic inflation adjustments to an acquisition-related dollar threshold.

Bill: 117-hr-2949
Sponsor: full_name: Rep. Velazquez, Nydia M. [D-NY-7]
Introduced: 2021-04-30
Policy area: Government Operations and Politics
Subjects: Building construction

Government buildings, facilities, and property

Inflation and prices

Public contracts and procurement
Latest action: action_date: 2021-04-30
text: Referred to the House Committee on Oversight and Reform.

Summaries:
action_date: 2021-04-30
action_desc: Introduced in House
text: <p>This bill exempts certain contracts from periodic inflation adjustments to the acquisition-related dollar threshold. </p> <p>Current law establishes dollar thresholds related to acquisition spending by federal agencies and it requires those thresholds to be adjusted every five years for inflation. The bill exempts certain contracts (e.g., contracts of more than $100,000 for the construction, alteration, or repair of any public building or public work of the federal government) from this adjustment.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 2949 IN THE HOUSE OF REPRESENTATIVES April 30, 2021 Ms. Velázquez (for herself and Mr. Donalds ) introduced the following bill; which was referred to the Committee on Oversight and Reform A BILL To amend section 1908 of title 41, United States Code, to exempt certain contracts from the periodic inflation adjustments to an acquisition-related dollar threshold.

1. Exemption of certain contracts from the periodic inflation adjustments to the acquisition-related dollar threshold (a) In general Section 1908(b)(2) of title 41, United States Code, is amended— (1) in subparagraph (B), by striking or at the end; (2) in subparagraph (C), by striking the period at the end and inserting ; or ; and (3) by adding at the end the following new subparagraph: (D) in sections 3131 through 3134 of title 40, except any modification of any such dollar threshold made by regulation in effect on the date of the enactment of this subparagraph shall remain in effect. . (b) Technical amendment Section 1908(d) of such title is amended by striking the period at the end.