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TITLE VIII--ACQUISITION POLICY, ACQUISITION MANAGEMENT, AND RELATED MATTERS

Subtitle G—Small Business Matters

P. L. 116-92

House Conference Report 116-333

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'';

(3) in paragraph (9), by striking the period at the end and inserting a semicolon; and

(4) by adding at the end the following new paragraphs:

``(10) for a prime contractor (as defined in section 8701(5) of title 41) that is a small business concern (as defined under 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(5) of title 41) that subcontracts with a small business concern (as defined under 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) such prime contractor agrees to make payments to such subcontractor in accordance with such accelerated payment date, to the maximum extent practicable, without any further
consideration from or fees charged to such subcontractor.''.

The House amendment contained a provision (sec. 883) that would amend section 3903(a) of title 31, United States Code, to accelerate, to the fullest extent permitted by law, the payment date for prime contractors that are small business concerns or that subcontract with small business concerns, with a goal of 15 days.

The Senate bill contained no similar provision.

The Senate recedes.