What is the official ID of this bill?

The official print number for this legislation is HR 2949.

When did the legislative process begin?

The process officially started on 2021-04-30.

Where can I read the full text of this legislation?

The full official text is available at: https://www.congress.gov/117/bills/hr2949/BILLS-117hr2949ih.htm

Is this summary verified?

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

Who is the primary sponsor?

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

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What is the latest detailed status?

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

Analysis and Potential Impact of HR 2949

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

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

Q: 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.

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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Status:

Expired

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Additional Information

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.

Print number: HR 2949

Sponsor: Rep. Velazquez, Nydia M. [D-NY-7]

Process start date: 2021-04-30

System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.

Summarized by: gemini-2.5-flash-preview-05-20

Source data: api.congress.gov

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

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