HB4615: Small Business Payment for Performance Act of 2026
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Small Business Act to provide interim partial payment to small business contractors that request an equitable adjustment due to a change in the terms of a construction contract, and for other purposes.
Plain-language summary
This bill amends the Small Business Act to require contractors to receive partial payments while disputes over contract changes are being resolved. When a small business contractor asks for additional payment due to changes in a construction contract's terms, they can now get interim (temporary) payments instead of waiting for the full decision. The bill affects small businesses working on government construction projects. It is currently in the introduced stage, meaning it has been formally submitted to Congress but not yet assigned to a for review.
AI-generated summary
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HB4615: Small Business Payment for Performance Act of 2026
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Sponsors
Pete Stauber
Primary SponsorCo-sponsors (15)
Marc Veasey
Brian Fitzpatrick
Donald Norcross
Eric Sorensen
Ed Case