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Exempting certain contracts from automatic inflation adjustments for public procurement thresholds.

This bill aims to exempt specific government contracts from automatic inflation adjustments that typically alter dollar thresholds for public procurement. This means certain contract value rules will remain fixed, regardless of inflation. This could impact how the government spends money and the stability of conditions for businesses working with the state.
Key points
The bill freezes dollar thresholds for certain government contracts, meaning they will not be automatically adjusted for inflation.
This change may affect the stability of conditions for businesses bidding on government contracts, as financial thresholds will remain constant.
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Expired
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Additional Information
Print number: 117_HR_2949
Sponsor: Rep. Velazquez, Nydia M. [D-NY-7]
Process start date: 2021-04-30
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2949.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-30.

What are the main provisions?

Key points include:

  • The bill freezes dollar thresholds for certain government contracts, meaning they will not be automatically adjusted for inflation.
  • This change may affect the stability of conditions for businesses bidding on government contracts, as financial thresholds will remain constant.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Velazquez, Nydia M. [D-NY-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Oversight and Reform.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Public Investments Economy