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

Subtitle B—Amendments to General Contracting Authorities, Procedures, and Limitations

P. L. 117-81

Joint Explanatory Statement

Section 2307(a)(2)(B) of title 10, United States Code, is amended by striking ``if the prime contractor agrees or proposes to make payments to the subcontractor'' and inserting ``if the prime contractor agrees to make payments to the subcontractor''.

The Senate amendment contained a provision (sec. 812) that would modify the conditions set forth in section 2307 of title 10, United States Code, under which certain prime contractors are eligible for accelerated payment timeframes.

The House bill contained no similar provision.

The agreement includes the Senate provision.

S. 2792--Senate Report117-39

Modified condition for prompt contract payment eligibility (sec. 812)

The committee recommends a provision that would modify the conditions set forth in section 2307 of title 10, United States Code, under which certain prime contractors are eligible for accelerated payment timeframes. The committee reiterates its expectation that prime contractors will flow accelerated payments down to their subcontractors, particularly those subcontractors that are small businesses.