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Support for Small Construction Businesses: Faster Payments for Contract Changes

New rules aim to ease the burden on small construction businesses working on government contracts. If a government agency changes contract terms, small businesses can receive partial upfront payments for additional costs. This helps companies maintain cash flow and avoid issues with payment delays.
Key points
Small construction businesses can request interim partial payments (at least 50% of estimated costs) for extra work due to contract changes.
Funds from these payments must also be passed down to subcontractors who incurred additional costs.
The provisions are set to be implemented by October 1, 2024, at the latest, ensuring quicker financial support for contractors.
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Additional Information
Print number: 117_HR_8273
Sponsor: Rep. Stauber, Pete [R-MN-8]
Process start date: 2022-07-01
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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

Small Business Payment for Performance Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8273.

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 2022-07-01.

What are the main provisions?

Key points include:

  • Small construction businesses can request interim partial payments (at least 50% of estimated costs) for extra work due to contract changes.
  • Funds from these payments must also be passed down to subcontractors who incurred additional costs.
  • The provisions are set to be implemented by October 1, 2024, at the latest, ensuring quicker financial support for contractors.
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. Stauber, Pete [R-MN-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

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Economy Public Investments