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Support for Small Construction Businesses: Faster Payments for Contract Changes

New rules aim to help small construction businesses working on government contracts. If the government changes contract terms, leading to extra costs for the company, they can receive a portion of the money to cover these expenses more quickly. This is intended to improve the financial stability of small businesses and their subcontractors.
Key points
Small construction businesses can request an interim partial payment if the government changes their contract terms, causing additional costs.
The interim payment will be at least 50% of the estimated additional costs.
Funds from this payment must also be passed down to subcontractors who incurred increased costs.
The goal is to protect small businesses from financial difficulties due to unforeseen project changes.
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Additional Information
Print number: 118_HR_2726
Sponsor: Rep. Stauber, Pete [R-MN-8]
Process start date: 2023-04-19
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Small Business Payment for Performance Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2726.

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 2023-04-19.

What are the main provisions?

Key points include:

  • Small construction businesses can request an interim partial payment if the government changes their contract terms, causing additional costs.
  • The interim payment will be at least 50% of the estimated additional costs.
  • Funds from this payment must also be passed down to subcontractors who incurred increased costs.
  • The goal is to protect small businesses from financial difficulties due to unforeseen project changes.
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 2025-12-25.

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Economy Public Investments