Balderson, Chabot, Houlahan, Crow, and Espaillat Introduce Bill for Accelerated Payments to Small Business Contractors
Washington, DC, April 16, 2019
Representatives Troy Balderson (R-OH), Steve Chabot (R-OH), Chrissy Houlahan (D-PA), Jason Crow (D-CO), and Adriano Espaillat (D-NY) introduced the Accelerated Payments for Small Businesses Act (H.R. 2322), which would direct federal government agencies that contract with small businesses to pay those small businesses within 15 days, rather than the current 30-day standard.
“Small businesses in PA and across the country represent a critical component to our national economic well-being,” said Congresswoman Houlahan. “In our community, the Pennsylvania Sixth, over 99% of the firms are considered small businesses. I am introducing this bill because I understand that success of small businesses translates into success for our country. Accelerated payments from the federal government is an important first step in addressing the needs of the many Americans who run, or are employed by, these small businesses.”
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