,i #aafth ,,congress #b;d ,session ,h4 ,r4 #gcdb ,,in ,,the ,,house ,,of ,,representatives ,june #be1 #bjbj,mr4 ,crow 7for himself and ,mr4 ,balderson7 introduced the following bill2 which was referred to the ,committee on ,small ,business ,a ,,bill ,to require a report on accelerated payments to certain small business concerns1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,federal ,small ,businesses ,contractor ,prompt ,payment ,reporting ,act4 #b4 ,report on accelerated payments to certain small business concerns 7a7 ,report ,not later than #c months after the date of the enactment of this ,act1 the head of each ,federal agency shall submit to ,congress a report on the timeliness of payments made to a covered prime contractor4 ,such report shall include-- 7#a7 the date on which the ,federal agency began providing accelerated payments in accordance with section #bcjg7;a77#b7 of title #aj1 ,united ,states ,code1 or paragraphs 7#aj7 and 7#aa7 of section #cijc7;a7 of title #ca1 ,united ,states ,code1 as applicable1 to a covered prime contractor2 7#b7 of contracts to which such sections apply1 the amount and percentage of covered contracts with accelerated payment terms in accordance with such sections2 and 7#c7 whether and on what date the agency discontinued implementation of the ,office of ,management and ,budget ,circular ,m-#aa-cb titled ,accelerating ,payments to ,small ,businesses for ,goods and ,services 7issued ,september #ad1 #bjaa74 7b7 ,definitions ,in this ,act3 7#a7 ,covered prime contractor ,the term covered prime contractor means-- 7,a7 a prime contractor 7as defined in section #hgja of title #da7 that is a small business concern 7as defined in section #c of the ,small ,business ,act 7#ae ,u4,s4,c4 #fcb772 and 7,b7 a prime contractor that subcontracts with a small business concern4 7#b7 ,covered contract ,the term covered contract means a contract entered into by a covered prime contractor-- 7,a7 on or after ,august #ac1 #bjah1 with respect to a contract entered into the head of an agency 7as defined in section #bcjb of title #aj1 ,united ,states ,code72 or 7,b7 on or after ,december #bj1 #bjai1 with respect to a contract entered into with the head of an agency 7as defined in section #cija of title #ca1 ,united ,states ,code74 7#c7 ,federal agency ,the term ,federal agency has the meaning given agency in section #eea7;a7 of title #e1 ,united ,states ,code4