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New Service Contract Rules: Thresholds and Inflation Adjustments

This act introduces a new value threshold for government service contracts, which will be regularly adjusted for inflation. This aims to ensure that the value of contracts subject to special regulations reflects current living costs, potentially impacting the working conditions of individuals employed under these contracts.
Key points
Establishes a new value threshold for service contracts, higher than the previous $2,500.
The threshold value will be automatically adjusted annually for inflation, based on the Consumer Price Index.
Changes primarily affect companies and workers providing services to the government, influencing which contracts are subject to specific wage and working condition rules.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_2963
Sponsor: Sen. Lankford, James [R-OK]
Process start date: 2021-10-07
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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

Service Contract Modernization Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2963.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-10-07.

What are the main provisions?

Key points include:

  • Establishes a new value threshold for service contracts, higher than the previous $2,500.
  • The threshold value will be automatically adjusted annually for inflation, based on the Consumer Price Index.
  • Changes primarily affect companies and workers providing services to the government, influencing which contracts are subject to specific wage and working condition rules.
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 Sen. Lankford, James [R-OK].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Labor Economy Public Investments