,i #aafth ,,congress #ast ,session ,h4 ,r4 #bcbb ,,in ,,the ,,house ,,of ,,representatives ,april #ae1 #bjai,mr4 ,balderson 7for himself1 ,ms4 ,houlahan1 ,mr4 ,crow1 ,mr4 ,chabot1 and ,mr4 ,espaillat7 introduced the following bill2 which was referred to the ,committee on ,oversight and ,reform ,a ,,bill ,to amend section #cijc of title #ca1 ,united ,states ,code1 to establish accelerated payments applicable to contracts with certain small business concerns1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,accelerated ,payments for ,small ,businesses ,act of #bjai4 #b4 ,accelerated payments applicable to contracts with certain small business concerns under the ,prompt ,payment ,act ,section #cijc7;a7 of title #ca1 ,united ,states ,code1 is amended-- 7#a7 in paragraph 7#a77;,b71 by inserting except as provided in paragraphs 7#aj7 and 7#aa71 before #cj days2 7#b7 in paragraph 7#h71 by striking and2 7#c7 in paragraph 7#i71 by striking the period at the end and inserting a semicolon2 and 7#d7 by adding at the end the following new paragraphs3 7#aj7 for a prime contractor 7as defined in section #hgja7e7 of title #da7 that is a small business concern 7as defined under section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb771 to the fullest extent permitted by law1 require that the head of an agency establish an accelerated payment date with a goal of #ae days after a proper invoice for the amount due is received if a specific payment date is not established by contract2 and 7#aa7 for a prime contractor 7as defined in section #hgja7e7 of title #da7 that subcontracts with a small business concern 7as defined under section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb771 to the fullest extent permitted by law1 require that the head of an agency establish an accelerated payment date with a goal of #ae days after a proper invoice for the amount due is received if-- 7,a7 a specific payment date is not established by contract2 and 7,b7 such prime contractor agrees to make payments to such subcontractor in accordance with such accelerated payment date1 to the maximum extent practicable1 without any further consideration from or fees charged to such subcontractor4 4