A bill to codify without substantive change recent laws related to money and finance and to improve the United States Code.
PL 97-452 (H.R.7378), enacted 01/12/1983

PUBLIC LAW 97-452—JAN. 12, 1983 
96 STAT. 2467 
Public Law 97-452 
97th Congress 
An Act 
To codify without substantive change recent laws related to money and finance and 
to improve the United States Code. 
Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, 
AMENDMENTS TO TITLE 31 
SECTION 1. Title 31, United States Code, is amended as follows: 
(1)(A) Chapter 5 is amended by inserting the following after 
section 503: 
"§ 504. Office of Federal Procurement Policy 
"The Office of Federal Procurement Policy, established under 
section 5(a) of the Office of Federal Procurement Policy Act (41 
U.S.C. 404(a)), is an office in the Office of Management and 
Budget.". 
(B) The analysis of chapter 5 is amended by inserting the 
following immediately below item 503: 
"504. Office of Federal Procurement Policy.". 
(2) Section 1105(a) is amended by adding at the end the 
following: 
"(25) a separate statement, for each agency having an Office 
of Inspector General, of the amount of the appropriation 
requested for the Office.". 
(3) Section 1113(a) is amended by— 
(A) inserting "(1)" after "(a)"; and 
(B) adding at the end the following: 
"(2) When requested by a committee of Congress, additional 
information related to the amount of an appropriation originally 
requested by an Office of Inspector General shall be submitted to 
the committee.". 
(4) Section 1305(6) is amended to read as follows: 
"(6) to pay the interest on the fund derived from the bequest 
of James Smithson, for the construction of buildings and ex-
penses of the Smithsonian Institution, at the rates determined 
under section 5590 of the Revised Statutes (20 U.S.C. 54).". 
(5) 
Section 
3102(a) 
is 
amended 
by 
striking 
out 
"$70,000,000,000" and substituting "$110,000,000,000". 
(6) Section 3105(b) is amended to read as follows: 
"(bXly With the approval of the President and except as provided 
in paragraph (2) of this subsection, the Secretary may— 
"(A) fix the investment yield for savings bonds; and 
"(B) change the investment yield on an outstanding savings 
bond, except that the yield on a bond for the period held may 
not be decreased below the minimum yield for the period guar-
anteed on the date of issue. 
Jan. 12,1983 
[H.R. 7378] 
Money and 
finance. 
United States 
Code, 
amendments. 
31 u s e 504. 
Ante, p. 908. 
Ante, p. 914. 
Ante, p. 918. 
Ante, p. 938. 
Ante, p. 940. 
Savings bonds. 
96 STAT. 2468 
PUBLIC LAW 97-452—JAN. 12, 1983 
Regulations. 
Ante, p. 940. 
Ante, p. 944. 
"Registration-
required 
obligation." 
_Me .q M^t 
J/C .'I.,&WA 
Regulations. 
Ante, p. 948. 
Post, p. 2473. 
Ante, p. 955. 
Ante, p. 959. 
"(2) The investment yield on a series E savings bond shall be at 
legist 4 percent a year compounded semiannually beginning on the 
first day of the month beginning after the date of issue of the bond 
and ending on the last day of the month before the date of 
redemption. 
"(3) With the approval of the President, the Secretary may pre-
scribe regulations providing that— 
"(A) owners of series E and H savings bonds may keep the 
bonds after maturity or after a period beyond maturity during 
which the bonds have earned interest and continue to earn 
interest at rates consistent with paragraph (1) of this subsection; 
and 
"(B) series E and H savings bonds earning a different rate of 
interest before the regulations are prescribed shall earn a rate 
of interest consistent with paragraph (1).". 
(7) Section 3105(cX5) is amended by striking out "(expressed in 
terms of the maturity value)". 
(8) Section 3106(b) is amended by striking out the first 
sentence. 
(9) Section 3121 is amended by adding at the end the 
following: 
"(gXD In this subsection, 'registration-required obligation' means 
an obligation except an obligation— 
* (A) not of a type offered to the public; 
"(B) having a maturity (at issue) of not more than one year; or 
"(C) described in paragraph (2) of this subsection, 
"(2) An obligation is not a registration-required obligation if^ 
"(A) there are arrangements reasonably designed to ensure 
that the obligation will be sold (or resold in connection with the 
original issue) only to a person that is not a United States 
person; and 
"(B) for an obligation not in registered form— 
"(i) interest on the obligation is payable only tmtside the 
United States and its territories and possessions; and 
"(ii) a statement is on the face of the obligation that a 
United States person holding the obligation is subject to 
limitations under the United States income tax laws. 
"(3) Every registration-required obligation of the Government 
shall be in registered form. A book entry obligation is deemed to be 
in registered form if the right to principal and stated interest on the 
obligation may be transferred only through a book entry consistent 
with regulations of the Secretary. 
"(4) The Secretary shall prescribe regulations necessary to carry 
out this subsection when there is a nominee.". 
(10) Section 3302(b) is amended by striking out "An" and 
substituting "Except as provided in section 3718(b) of this title, 
an". 
(11) Section 3331 is amended by adding at the end the 
following: 
"(f) Under conditions the Secretary may prescribe, the Secretary 
may delegate duties and powers of the Secretary under this section 
to the head of an agency. Consistent with a delegation from the 
Secretary under this subsection, the head of an agency may delegate 
those duties and powers to an officer or employee of the agency.". 
(12) Section 3512 is amended by redesignating subsections (b)-
(d) as subsections (d)-(f), respectively, and by inserting the 
following immediately below subsection (a): 
PUBLIC LAW 97-452—JAN. 12, 1983 
96 STAT. 2469 
"(b)(1) To ensure compliance with subsection (a)(3) of this section 
and consistent with standards the Comptroller General prescribes, 
the head of each executive agency shall establish internal account-
ing and administrative controls that reasonably ensure that— 
"(A) obligations and costs comply with applicable law; 
"(B) all assets are safeguarded against waste, loss, unauthor-
ized use, and misappropriation; and 
"(C) revenues and expenditures applicable to agency oper-
ations are recorded and accounted for properly so that accounts 
and reliable financial and statistical reports may be prepared 
and accountability of the assets may be maintained. 
"(2) Standards the Comptroller General prescribes under this 
subsection shall include standards to ensure the prompt resolution 
of all audit findings. 
"(c)(1) In consultation with the Comptroller General, the Director 
of the Office of Management and Budget— 
"(A) shall establish by December 31,1982, guidelines that the 
head of each executive agency shall follow in evaluating the 
internal accounting and administrative control systems of 
the agency to decide whether the systems comply with subsection 
(b) of this section; and 
"(B) may change a guideline when considered necessary. 
"(2) By December 31 of each year (beginning in 1983), the head of 
each executive agency, based on an evaluation conducted according 
to guidelines prescribed under paragraph (1) of this subsection, shall 
prepare a statement on whether the systems of the agency comply 
with subsection (b) of this section, including— 
"(A) if the head of an executive agency decides the systems do 
not comply with subsection (b) of this section, a report identify-
ing any material weakness in the systems and describing the 
plans and schedule for correcting the weakness; and 
"(B) a separate report on whether the accounting system of 
the agency conforms to the principles, standards, and require-
ments the Comptroller General prescribes under section 3511(a) 
of this title. 
"(3) The head of each executive agency shall sign the statement 
and reports required by this subsection and submit them to the 
President and Congress. The statement and reports are available to 
the public, except that information shall be deleted from a state-
ment or report before it is made available if the information specifi-
cally is— 
"(A) prohibited from disclosure by law; or 
"(B) required by Executive order to be kept secret in the 
interest of national defense or the conduct of foreign affairs.". 
(13)(A) Section 3701 is amended to read £is follows: 
,il>' 
"§ 3701. Dennitions and application 
"(a) In this chapter— 
"(1) 'administrative offset' means withholding money payable 
by the United States Government to, or held by the Govern-
ment for, a person to satisfy a debt the person owes the 
Government. 
"(2) 'calendar quarter' means a 3-month period beginning on 
January 1, April 1, July 1, or October 1. 
"(3) 'consumer reporting agency' means— 
Guidelines. 
Ante, p. 959. 
Statement and 
reports 
submittal to 
President and 
C!ongress. 
Public 
availability. 
31 use 3701. 
96 STAT. 2470 
PUBLIC LAW 97-452—JAN. 12, 1983 
Ante, p. 971. 
Post, pp. 2471, 
2472. 
Infra; post, pp. 
2471-2473. 
Ante, p. 970. 
Ante, p. 971. 
Clfdms, 
collection. 
Information 
disclosure. 
"(A) a consumer reporting agency as that term is defined 
in section 603(f) of the Fair Credit Reporting Act (15 U.S.C 
;; f 
1681a(f));or 
"(B) a person that, for money or on a cooperative basis, 
regularly— 
"(i) gets information on consumers to give the infor-
mation to a consumer reporting agency; or 
"(ii) serves as a marketing agent under an arrange-
ment allowing a third party to get the information 
• 
_ 
from a consumer reporting agency. 
"(4) 'executive or legislative agency' means a department, 
agency, or instrumentality in the executive or legislative 
branch of the Government. 
"(5) 'military department' means the Departments of the 
Army, Navy, and Air Force. 
"(6) 'system of records' has the same meaning given that term 
in section 552a(a)(5) of title 5. 
"(7) 'uniformed services' means the Army, Navy, Air 
Force, Marine Corps, Coast Guard, Commissioned Corps of the 
National Oceanic and Atmospheric Administration, and Com-
missioned Corps of the Public Health Service. 
"(b) In subchapter II of this chapter, 'claim' includes amounts 
owing on account of loans insured or guaranteed by the Government 
and other amounts due the Government. 
"(c) In sections 3716 and 3717 of this title, 'person' does not include 
an agency of the United States Government, of a State government, 
or of a unit of general local government. 
"(d) Sections 3711(f) and 3716-3719 of this title do not apply to a 
claim or debt under, or to an amount payable under, the Internal 
Revenue Code of 1954 (26 U.S.C. 1 et seq.), the Social Security Act (42 
U.S.C. 301 et seq.), or the tariff laws of the United States.". 
(B) Item 3701 in the analysis of chapter 37 is amended to read 
as follows: 
"3701. Definitions and application.". 
(14) Section 3702(b)(2) is amended by inserting "this" before 
"subsection". 
(15) Section 3711 is amended by adding at the end the 
following: 
"(f)(1) When trying to collect a claim of the Government under a 
law except the Internal Revenue Code of 1954 (26 U.S.C. 1 et seq.), 
the head of an executive or legislative agency may disclose to a 
consumer reporting agency information from a system of records 
that an individual is responsible for a claim if— 
"(A) notice required by section 552a(e)(4) of title 5 indicates 
that information in the system may be disclosed to a consumer 
reporting agency; 
"(B) the head of the agency has reviewed the claim and 
decided that the claim is valid and overdue; 
"(C) the head of the agency has notified the individual in 
writing— 
"(i) that payment of the claim is overdue; 
jn; 
"(ii) ^jjg^t^ within not less than 60 days after sending the 
notice, the head of the agency intends to disclose to a 
w^ 2 
consumer reporting agency that the individual is responsi-
ble for the claim; 
PUBLIC LAW 97-462-nJAN. 12,1983 
96 STAT. 2471 
"(iii) of the specific information to be disclosed to the 
consumer reporting agency; and 
"(iv) of the righte the individual has to a complete expla-
nation of the claim, to dispute information in the records of 
the agency about the claim, and to administrative repeal or 
review of the claim; 
"(D) the individual has not— 
"(i) repaid or agreed to repay the claim under a written 
repayment plan that the individual has signed and the head 
of the agency has agreed to; or 
"(ii) filed for review of the claim under paragraph (2) of 
this subsection; 
"(E) the head of the agency has established procedures to— 
"(i) disclose promptly, to each consumer reporting agency 
to which the origmal disclosure was made, a substmitial 
change in the condition or amount of the claim; 
-. 
"(ii) verify or correct promptly information about the 
claim on requ^ of a consumer reporting agency for verifi-
cation of information disclosed; and 
"(iii) get satisfactory assurances from each consumer 
reporting agency that the agency is complying with all laws 
of the United States relate to providing consumer credit 
information; and 
"(F) the information disclosed to the consumer reporting 
agency is limited to— 
"(i) information necessary to establish the identity of the 
individual, including name, address, and taxpayer identifi-
cation number; 
"(ii) the amount, status, and history of the claim; and 
"(iii) the agency or pn^am under which the claim arose. 
"(2) Before disclosing information to a consumer reporting agency 
under paragraph (1) of 
this subsection and at other times allowed by 
law, the head of an executive or l^^lative agency shall provide, on 
request of an individual allied by the agency to be responsible for 
the claim, for a review of the obligation of the individual, including 
an opportunity for reconsideration of the initial decision on the 
claim. 
"(3) Before disclosing information to a consumer reporting agency 
under paragraph (1) of this subsection, the head of an executive or 
legislative agenpy shall take reasonable action to locate an individ-
ual for whom the head of the agency does not have a current address 
to send the notice under paragraph (IXC).". 
(16XA) Subchapter n of chapter 37 is amended by adding at 
the end the following: 
"§ 3716. Administrative offset 
31 use 3716. 
"(a) After trying to collect a claim from a person under section 
3711(a) of this title, the head of an executive or legislative agency ^^^y P- ^
'
^
i
-
may collect the claim by administrative offset. T^e head of the 
agency may collect by administrative offset only after giving the 
debtor— 
"(1) written notice of the type and amount of the claim, the 
intention of the head of the agency to collect the claim by 
administrative offset, and an explanation of the rights of the 
debtor under this section; 
"(2) an opportunity to inspect and copy the records of the 
agency related to the claim; 
96 STAT. 2472 
PUBLIC LAW 97-452—JAN. 12, 1983 
Regulations. 
Limitations. 
31 use 3717. 
Publication. 
Effective date. 
"(3) an opportunity for a review within the agency of the 
decision of the agency related to the claim; and 
"(4) an opportunity to make a written agreement with the 
head of the agency to repay the amount of the claim. 
"(b) Before collecting a claim by administrative offset under sub-
section (a) of this section, the head of an executive or legislative 
agency must prescribe regulations on collecting by administrative 
offset based on— 
"(1) the best interests of the United States Government; 
"(2) the likelihood of collecting a claim by administrative 
offset; and 
"(3) for collecting a claim by administrative offset after the 6-
year period for bringing a civil action on a claim under section 
2415 of title 28 has expired, the cost effectiveness of leaving a 
claim unresolved for more than 6 years. 
"(c) This section does not apply— 
"(1) to a claim under this subchapter that has been outstand-
ing for more than 10 years; or 
(2) when a statute explicitly provides for or prohibits using 
administrative offeet to collect the claim or type of claim 
involved. 
"§ 3717. Interest and penalty on claims 
"(a)(1) The head of an executive or legislative agency shall charge 
a minimum annual rate of interest on an outstanding debt on a 
United States Government claim owed by a person that is equal to 
the average investment rate for the Treasury tax and loan accounts 
for the 12-month period ending on September 30 of each year, 
rounded to the nearest whole percentage point. The Secretary of the 
Treasury shall publish the rate before November 1 of that year. The 
rate is effective on the first day of the next calendar quarter. 
"(2) The Secretary may change the rate of interest for a calendar 
quarter if the average investment rate for the 12-month period 
ending at the close of the prior calendar quarter, rounded to the 
nearest whole percentage point, is more or less than the existing 
published rate by 2 percentage points. 
"(b) Interest under subsection (a) of this section accrues from the 
date— 
"(1) on which notice is mailed after October 25,1982, if notice 
was first mailed before October 25,1982; or 
"(2) notice of the amount due is first mailed to the debtor at 
the most current address of the debtor available to the head of 
the executive or legislative agency, if notice is first mailed after 
October 24,1982. 
"(c) The rate of interest charged under subsection (a) of this 
section— 
"(1) is the rate in effect on the date from which interest begins 
to accrue under subsection (b) of this section; and 
"(2) remains fixed at that rate for the duration of the 
indebtedness. 
"(d) Interest under subsection (a) of this section may not be 
charged if the amount due on the claim is paid within 30 days after 
the date from which interest accrues under subsection (b) of this 
section. The head of an executive or legislative agency may extend 
the 30-day period. 
"(e) The head of an executive or legislative agency shall assess on 
a claim owed by a person— 
PUBLIC LAW 97-452—JAN. 12, 1983 
96 STAT. 2473 
Limitations. 
"(1) a charge to cover the cost of processing and handling a 
delinquent claim; and 
"(2) a penalty charge of not more than 6 percent a year for Penalty. 
failure to pay a part of a debt more than 90 days past due. 
"(f) Interest under subsection (a) of this section does not accrue on 
a chaise assessed under subsection (e) of this section. 
"(g) This section does not apply— 
"(1) if a statute, regulation required by statute, loan agree-
ment, or contract prohibits charging interest or assessing 
charges or explicitly fixes the interest or charges; and 
"(2) to a claim under a contract executed before October 25, 
1982, that is in effect on October 25,1982. 
"(h) In conformity with standards prescribed jointly by the Attor- R^uiations. 
ney General and the (Comptroller Greneral, the head of an executive 
or legislative agency may prescribe reg[ulations identifying circum-
stances appropriate to waiving collection of interest and charges 
under subsections (a) and (e) of this section. A waiver under the Waiver, 
regulations is deemed to be compliance with this section. 
"§ 3718. Contracts for collection services 
31 use 3718. 
"(a) Under conditions the head of an executive or legislative 
agency considers appropriate, the head of the agency may make a 
contract with a person for collection services to recover indebtedness 
owed the United States Government. The contract shall provide 
that— 
"(1) the head of the agency retains the authority to resolve a 
dispute, compromise a claim, end collection action, and refer a 
matter to the Attorney General to bring a civil action; and 
"(2) the person is subject to— 
"(A) section 552a of title 5, to the extent provided in 
& J 
section 552a(m); and 
"(B) laws and regulations of the United States Grovem-
ment and State governments related to debt collection 
practices. 
"(b) Notwithstanding section 3302(b) of this title, a contract under Ante, p. 948. 
subsection (a) of this section may provide that a fee a person charges 
to recover indebtedness owed the United States Government is 
pavable from the amount recovered. 
(c) A contract under subsection (a) of this section is effective only 
to the extent and in the amount provided in an appropriation law. 
"(d) This section does not apply to the collection of debts under the 
Internal Revenue Code of 1954 (26 U.S.C. 1 et seq.). 
"§ 3719. Reports on debt collection activities 
31 use 3719. 
"(a) In consultation with the Secretary of the Treasury and the Regulations. 
dJomptroUer General, the Director of the Office of Management and 
Budget shall prescribe regulations requiring the head of each 
agency with outstanding debts to prepare and submit to the Director 
and the Secretary at least once each year a report summarizing the 
status of loans and accounts receivable managed by the head of the 
agency. The report shall contain— 
"(1) information on— 
"(A) the total amount of loans and accounts receivable 
owed the agency and when amounts owed the agency are 
due to be repaid; 
"(B) the total amount of receivables and number of claims 
at least 30 days past due; 
Z :'ti 
'm-
96 STAT. 2474 
PUBLIC LAW 97-452—JAN. 12, 1983 
"(C) the total amount written off as actually uncollectible 
and the total amount allowed for uncollectible loans and 
.. si -^"i 
accounts receivable; 
"(D) the rate of interest charged for overdue debts and 
0" .i 
the amount of interest charged and collected on debts; 
"(E) the total number of claims and the total amount 
..*: • ail 
collected; and 
"(F) the number and total amount of claims referred to 
the Attorney General for settlement and the number and 
total amount of claims the Attorney General settles; 
"(2) the information described in clause (1) of this subsection 
for each progreim or activity the head of the agency carries out; 
.ef.t4'Biv^^wi - 
and 
"(3) other information the Director considers necessaiy to 
decide whether the head of the agency is acting aggressively to 
collect the claims of the agency. 
"(b) The Director shall analyze the reports submitted under sub-
section (a) of this section and shall report annually to Congress on 
^ , 
the management of debt collection activities by the head of each 
c . * 
agency, including the information provided the Director under sub-
section (a).". 
(B) The analysis of subchapter II of chapter 37 is amended by 
adding at the end the following: 
"3716. Administrative offset. 
"8717. Interest and penalty on claims. 
"3718. Contracts for collection services. 
"3719. Reports on debt collection activities.". 
Ante, p. 973. 
(1?) Section 3721(b) is amended by striking out "$15,000" and 
substituting "$25,000". 
(18XA) Subtitle III is amended by adding at the end the 
following: 
"CHAPTER 39—PROMPT PAYMENT 
"3901. Definitions and application. 
* > 
"3902. Interest penalties. 
"3903. Regulations. 
"3904. Limitations on discount payments. 
"3905. Reports. 
"3906. Relationship to other laws. 
^
^ 
31 use 3901. 
<
«
§ 3901. Definitions and application 
"(a) In this chapter— 
'' ^''^ ' • 
"(1) 'agency* has the same meaning given that term in section 
v... -i y^. 
551(1) of title 5 and includes an entity being operated, and the 
head of the agency identifies the entity as being operated, only 
as an instrumentality of the agency to carry out a program of 
the agency. 
"(2) 'business concern' means— 
"(A) a person canying on a trade or business; and 
"(B) a nonprofit entity operating as a contractor. 
"(3) 'proper invoice' is an invoice containing or accompanied 
by substantiating documentation the Director of the Office of 
Management and Budget may require by regulation and the 
head of the appropriate agency may require by regulation or 
contract. 
PUBLIC LAW 97-452—JAN. 12,1983 
96 STAT. 2475 
"(4) the head of an agency is deemed to receive an invoice on 
the later of the dates that— 
"(A) the designated payment office or finance center of 
the agency actually receives a proper invoice; or 
"(B) the head of the agency accepts the applicable prop-
erty or service. 
"(5) a pajrment is deemed to be made on the date a check for 
the pajonent is dated. 
"(6) a contract to rent property is deemed to be a contract to 
acquire the property. 
"(b) This chapter applies to the Tennessee Valley Authority. 
However, regulations prescribed under this chapter do not apply to 
the Authority, and the Authority alone is responsible for canying 
out this chapter as it applies to contracts of the Authority. 
*'§ 3902. Interest penalties 
"(a) Under regulations prescribed under section 3903 of this title, 
the head of an agency acquiring property or service from a business 
concern, who does not pay the concern for each complete delivered 
item of property or service by the required pa5rment date, shall pay 
an interest penalty to the concern on the amount of the payment 
due. The interest shall be computed at the rate the Secretaiy of the 
Treasury establishes for interest payments under section 12 of the 
Contract Disputes Act of 1978 (41 U.S.C. 611). The Secretary shall 
publish each rate in the Federal Register. 
"(b) Except as provided in section 3906 of this title, the interest 
penalty shall be paid for the period beginning on the day after the 
required payment date and ending on the date on which payment is 
made. However, a penalty may not be paid if payment for the item is 
made— 
"(1) when the item is a meat or meat food product described in 
section 3903(2XA) of this title, before the 4th day after the 
required payment date; 
(2) when the item is an agricultural commodity described in 
section 3903(2XB) of this title, before the 6th day after the 
required payment date; or 
(3) when the item is not an item referred to in clauses (1) and 
(2) of this subsection, before the 16th day after the required 
payment date. 
"(c) An amount of an interest penalty unpaid after any 30-day 
period shall be added to the principal amount of the debt, and a 
penalty accrues thereafter on the added amount. 
"(d) This section does not authorize the appropriation of addi-
tional amounts to pay an interest penalty. The head of an agency 
shall pay a penalty under this section out of amounts made avail-
able to carry out the program for which the penalty is incurred. 
"(e) A recipient of a grant from the head of an agency may provide 
in a contract for the acquisition of property or service from a 
business concern that, consistent with the usual business practices 
of the recipient and applicable State and local law, the recipient will 
pay an interest penalty on amounts overdue under the contract 
under conditions agreed to by the recipient and the concern. The 
recipient may not pay the penalty from amounts received from an 
agency. Amounts expended for the penalty may not be counted 
toward a matehing requirement applicable to the grant. An obliga-
tion to pay the penalty is not an obligation of the United Stetes 
Government. 
Tennessee 
VaUey 
Authority. 
31 use 3902. 
Publication in 
Federal 
Roister. 
96 STAT. 2476 
PUBLIC LAW 97-452—JAN. 12, 1983 
31 use 3903. 
«§ 3903. Regulations 
"The Director of the Office of Management and Budget shall 
prescribe regulations to carry out section 3902 of this title. The 
regulations shall— 
"(1) provide that the required pa3mient date is— 
"(A) the date payment is due under the contract for the 
T
O
i 
j^jjj Q
j
f property or service provided; or 
^ J
, 
"(B) 30 dajrs after a proper invoice for the amount due is 
'^' "' 
received if a specific pajrment date is not established by 
contract; 
"**:,4j.*'> 
"(2) for the acquisition of meat or a meat food product (as 
J* di';'- 
defined in section 2(aX3) of the Packers and Stockyards Act, 
1921 (7 U.S.C. 182(3))), provide a required payment date of not 
later than 7 days after the meat or meat food product is 
: «€ r>3i; Lu 
delivered; and 
"(3) for the acquisition of a perishable agricultural commodity 
(as defined in section 1(4) of the Perishable Agricultural Com-
modities Act, 1930 (7 U.S.C. 499a(4))), provide a required pay-
ment date consistent with that Act; 
"(4) provide separate required pajonent dates for a contract 
under which property or service is provided in a series of partial 
executions or deliveries to the extent the contract provides for 
.., .
^ ,:!^ ,,. 
separate payments for partial execution or delivery; and 
i>T?£i 
"(^^ require that, within 15 days after an invoice is received, 
^K ;^! 
the head of an agency notify the business concern of a defect or 
impropriety in the invoice that would prevent the running of 
the time period specified in clause (1)(B) of this section. 
31 use 3904. 
**§ 3904. Limitations on discount payments 
"The head of an agency offered a discount by a business concern 
from an amount due under a contract for property or service in 
exchange for payment within a specified time may pay the 
discounted amount only if payment is made within the specified 
Penalty. 
time. The head of the agency shall pay an interest penalty on an 
amount remaining unpaid in violation of this section. The penalty 
accrues as provided under sections 3902 and 3903 of this title, except 
that the required payment date for the unpaid amount is the last 
day specified in the contract that the discounted amount may be 
paid. 
31 use 3905. 
"§3905. Reports 
"(a) By the 60th day after the end of each fiscal year, the head of 
each agency shall submit to the Director of the Office of Manage-
ment and Budget a report on interest penalty payments made under 
this chapter during that fiscal year. The report shall include the 
number, amounts, and frequency of the payments and the reasons 
the payments were not avoided by prompt pasnnent. 
"(b) By the 120th day after the end of each fiscal year, the Director 
shall submit to the (Committees on Governmental Affairs, Appropri-
ations, and Small Business of the Senate and the dlommittees on 
Government Operations, Appropriations, and Small Business of the 
House of Representatives a report on agency compliance with this 
chapter. The report shall include a summary of the report of each 
agency submitted under subsection (a) of this section and an analy-
sis of progress made in reducing interest penalty pajrments by that 
agency from prior years. 
PUBLIC LAW 97-452—JAN. 12, 1983 
96 STAT. 2477 
*
*
§ 3906. Relationship to other laws 
"(a) A claim for an interest penalty not paid under this chapter 
may be filed under section 6 of the Contract Disputes Act of 1978 (41 
U.S.C. 605). 
"(bXl) An interest penalty under this chapter does not continue to 
accrue— 
"(A) after a claim for a penalty is filed under the Contract 
Disputes Act of 1978 (41 U.S.C. 601 et seq.); or 
"(B) for more than one year. 
"(2) Paragraph (1) of this subsection does not prevent an interest 
penalty from accruing under section 12 of the Contract Disputes Act 
of 1978 (41 U.S.C. 611) after a penalty stops accruing under this 
chapter. A penalty accruing under section 12 may accrue on an 
unpaid contract payment and on the unpaid penalty under this 
chapter. 
"(c) Except as provided in section 3904 of this title, this chapter 
does not require an interest penalty on a pasrment that is not made 
because of a dispute between the head of an agency and a business 
concern over the amount of payment or compliance with the con-
tract. A claim related to the dispute, and interest payable for the 
period during which the dispute is being resolved, is subject to the 
Contract Disputes Act of 1978 (41 U.S.C. 601 et seq.).". 
(B) The analysis of subtitle III is amended by inserting the 
following immediately below item 37: 
"39. PROMPT PAYMENT 
3901". 
(19) Section 5103 is amended by inserting ", public charges, 
taxes, and dues" after "debts" the first time it appears. 
(20) Section 5112(fXl) is amended--
(A) by inserting in the matter before clause (A), a comma 
after "10,000,()00y'; and 
(B) by striking out of clause (C) "two hundred and fifti-
eth" and substituting "250th". 
(21) Section 5132(aX2) is amended by striking 
out 
"$54,706,000" and "1982" and substituting '^50,165,000" and 
"1983", respectivelv. 
(22) Section 5154 is amended by striking out "United States 
coins and currency circulating within its jurisdiction" and sub-
stituting "other forms of money". 
(23X^ Chapter 61 is amended by inserting after section 6102 
the following: 
*'§ 6102a. Assistance awards information system 
"(a) The Director of the OfEce of Management and Budget shall— 
"(1) maintain the United States Government assistance 
awards information s^tem established as a result of the study 
conducted under section 9 of the Federal Program Information 
Act; and 
"(2) update the system on a quarterly basis. 
"(b) To carry out subsection (a) of th& section, the Director— 
"(1) m ^ delegate the responsibility for carrying out subsec-
tion (a) of this section to the head of another executive agency; 
"(2) shall review a report the head of an agency submits to the 
Director on the method of canying out subsection (a) of this 
section; and 
"(3) may validate, by appropriate means, the method by which 
an agency prepares the report.". 
31 u s e 3906. 
Ante, p. 980. 
Ante, p. 981. 
Ante, p. 988. 
Ante, p. 992. 
31 u s e 6102a. 
31 u s e 1701 
note. 
Ante, p. 877. 
96 STAT. 2478 
PUBLIC LAW 97-452—JAN. 12, 1983 
(B) The analysis of chapter 61 is amended by inserting imme-
diately below item 6102 the following: 
"6102a. Assistance awards information ^stem.". 
Ante, p. 1005. 
(24) Section 6501(1XB) is amended by striking out "the law of. 
Ante, p. 1018. 
(25) Section 6709(a) is amended by adding at the end the 
following: 
"(5) For quarterly payments made for quarters beginning after 
December 31, 1982, the New Jersey Franchise and Gross Receipts 
Taxes (N.J. Rev. Stat. 54:30A-18.1) transferred to a unit of general 
local government in New Jersey in each of the years beginning 
January 1,1980, January 1,1981, and January 1,1982, are deemed 
to be an adjusted tax of the unit under paragraph (2) of this 
subsection " 
Ante, p. 1041. 
(26) Section 9101 is amended by striking out "(K) the National 
Consumer Cooperative Bank.". 
Ante, pp. 1044, 
(27) Sections 9107(cX3) and 9108(dX2) are each amended by 
^"^°- 
striking out "the National Consumer Cooperative Bank,". 
CONFORMING AND TECHNICAL PROVISIONS 
SEC. 2. (a) Title 5, United States Code, is amended as follows: 
Ante, p. 1749. 
(1) In section 552a(b) and (m), strike out "section 3(d) of the 
Federal Claims Collection Act of 1966 (31 U.S.C. 952(d))" and 
substitute "section 3711(f) of title 31". 
Ante, p. 1751. 
(2) In section 5514(aX3), strike out "the Federal Claims Collec-
tion Act of 1966 (31 U.S.C. 951 et seq.)" and substitute "sections 
3711 and 3716-3718 of title 31". 
Ante, p. 1752. 
(b) Section 1114 of title 18 is amended by striking out "the Federal 
Clauns Collection Act of 1966 (31 U.S.C. 951 et seq.)" and substitut-
ing "sections 3711 and 3716-3718 of title 31". 
(c) The Internal Revenue Code of 1954 (26 U.S.C. 1 et seq.) is 
amended as follows: 
26 use 405,409. 
(1) Sections 405(bXl) and 409(a) are each amended by striking 
out "the Second Liberty Bond Act, as amended" and "Act" and 
substituting "chapter 31 of title 31" and "chapter", respectively. 
26 use 454. 
(2) Section 454(cX2) is amended by striking out "the Second 
Liberty Bond Act" and substituting "chapter 31 of title 31". 
26 use 1037. 
(3) Section 1037(a) is amended by striking out "the Second 
Liberty Bond Act" and "Act" and substituting "chapter 31 of 
title 31" and "chapter", respectively. 
Ante, p. 1753. 
(4) Section 6103(mX2) is amended by striking out "section 3 of 
the Federal Claims Collection Act of 1966 (31 U.S.C. 952)" 
wherever appearing and substituting "sections 3711, 3717, and 
3718 of title 31". 
(d) Title 28, United States Code, is amended as follows: 
Ante, p. 55. 
(1) Section 1961(b) is amended by striking out "section 1302 of 
the Act of July 27, 1956 (31 U.S.C. 724a)" and substituting 
"section 1304(b) of title 31". 
Ante, p. 1754. 
(2) Section 2415 of title 28 is amended by striking out "section 
5 of the Federal Claims Collection Act of 1966" and substituting 
"section 3716 of title 31". 
(e) Title 38, United States Code, is amended as follows: 
(1) Section 210(bX2XA) is amended by striking out "section 
201(a) of the Budget and Accounting Act, 1921 (31 U.S.C. 11(a))" 
and substituting section 1105 of title 31". 
PUBLIC LAW 97-452—JAN. 12, 1983 
96 STAT. 2479 
(2) Section 1823(c) is amended by striking out "the Second 
38 use 1823. 
Liberty Bond Act" wherever appearing and substituting "chap-
ter 31 of title 31". 
(3) Section 4207 is amended by striking out "section 3523 of Ante, p. 1312. 
title 31" and substituting "chapter 35 of title 31". 
(4) Sections 5010(aXl) and 5011(f) are each amended by strik- 
38 U
S
C 5010, 
ing out "section 201(a) of the Budget and Accounting Act, 1921 «»te, p. 70. 
(31 U.S.C. 11(a))" and substituting "section 1105 of title 31". 
(f) Section 2007 of title 39, United States Ckxie, is amended by 
striking out "the Second Liberty Bond Act" wherever appearing and 
substituting "chapter 31 of title 31". 
(g) The amendment made by section 1(17) of this Act applies only Effective dates. 
to claims arising after July 27,1982. 
31 U
S
C 3721 
(h) The amendment made by section 1(25) of this Act is effective 
3° use 6709 
after December 31,1982, only if the Governor of New Jersey notifies note, 
the Secretary of the Treasury that, before January 1,1983, the State 
amended the New Jersey Franchise and Gross Receipts Taxes stat-
ute to provide for the collection and retention of those taxes by units 
of general local government for years beginning as of January 1, 
1983 
(i) The amendments made by section 1(11), (14), (19), (22), (24), (26), 
31 U
S
C 3331 
and (27) are effective as of September 13,1982. 
note. 
LEGISLATIVE PURPOSE AND CONSTRUCTION 
SEC. 3. (a) Sections 1 and 2 of this Act restate, without substantive 
31 U
S
C note 
change, laws enacted before December 1,1982, that were replaced by 
P"^-1^^-
those sections. Sections 1 and 2 may not be construed as making a 
substantive change in the laws replaced. Laws enacted after Novem-
ber 30, 1982, that are inconsistent with this Act supersede this Act 
to the extent of the inconsistency. 
(b) A reference to a law replaced by sections 1 and 2 of this Act, 
including a reference in a regulation, order, or other law, is deemed 
to refer to the corresponding provision enacted by this Act. 
(c) An order, rule, or regulation in effect under a law replaced by 
sections 1 and 2 of this Act continues in effect under the correspond-
ing provision enacted by this Act until repealed, amended, or 
superseded. 
(d) An action taken or an offense committed under a law replaced 
by sections 1 and 2 of this Act is deemed to have been taken or 
committed under the corresponding provision enacted by this Act. 
(e) An inference of a legislative construction is not to be drawn by 
reason of the location in the United State Code of a provision 
enacted by this Act or by reason of the caption or catchline of the 
provision. 
(f) If a provision enacted by this Act is held invalid, all valid 
provisions that are severable from the invalid provision remain in 
effect. If a provision of this Act is held invalid in any of its 
applications, the provision remains valid for all valid applications 
that are severable from any of the invalid applications. 
REPEALS 
SEC. 4. (a) The repeal of a law enacted by this Act may not be 31 U
S
C note 
construed as a legislative inference that the provision was or was P"*'- ^^^• 
not in effect before its repeal. 
96 STAT. 2480 
PUBLIC LAW 97-452—JAN. 12, 1983 
(b) Tlie laws specified in the following schedule are repealed, 
except for ri^its and duties that matured, penalties that were 
incimed, and proceedings that were begun before the date of enact-
ment C
M
F 
this Act: 
31 u s e 744 note. 
31 u s e 757C-5. 
31 u s e 11. 
31 u s e 66a. 
31 u s e 952, 954. 
31 use 1228. 
31 use 1801 et 
seq. 
31 use 241, 241 
notes. 
31 u s e 752, 752 
note, 757c, 757c-
2, 757C-5,1228, 
1228 note. 
31 u s e 369. 
31 u s e 11, 65 
note, 66a. 
31 u s e 6102 
note. 
31 u s e 484, 952, 
954, 955. 
Sdiedule of 
Laws Repealed 
Statutes at Laige 
Data 
Jona 
28 
1917 
1921 
Jona 
10 
1922 
Mar. 
ao 
19S0 
July 19 
1972 
Oct 20 
May 21 
July 28 
Se^8 
Septs 
Oct 15 
Oct 26 
Urn 
1802. 
56. 
18-
104. 
946. 
tJCtrtriv%r 
9^512. 
97-177-
97-226. 
97-248. 
97-258. 
97-255. 
97-826. 
97-865. 
Section 
8.. 
20100. 
Umr. under heading "General Aoooont-
IngOflioa.'lL 
lUKbMaat matm»\ (d) '—^^ 
8(dHg)^5. 
287.289(a). (
c
X 810(a)... 
8 
8.10-18. 
Approved January 12,1983. 
H;-;: I. 
Statutes at Laige 
Vol-
ume 
82 
42 
484 
444 
86 
245 
570.571. 
790 
814 
1609 
1749.1754 
;-.i 
• «-• • 5; f >-(,.' 
i--ir^?s L ^ ' ' 
LEGISLATIVE HISTORY—H.R. 7378: 
eONGRESSIONAL REeORD, Vol. 128 (1982): 
Dec. 13, considered find passed House. 
Dec. 19, considered and passed Senate. 
u -v-i