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DOD/DARC | RIN: 0750-AH19 | Publication ID: Fall 2011 |
Title: Accelerated Payments to Small Business (DFARS Case 2011-D008) | |
Abstract: This rule amends the Defense Federal Acquisition Regulation Supplement (DFARS) to accelerate payments to all small business concerns. Currently, DoD assists small disadvantaged business concerns by paying them as quickly as possible after invoices are received and before normal payment due dates established in the contract. This rule proposes removal of the term "disadvantaged" from the language at DFARS 232.903 and DFARS 232.906(a)(ii) extending this assistance to all small business concerns. This will align the DFARS with the statutory language at 5 CFR 1315.5 and FAR 32.903, which allows agencies to authorize accelerated payment procedures for small businesses. Because the rule proposes to extend accelerated payment assistance to all small business concerns, a positive economic impact on small business is expected. | |
Agency: Department of Defense(DOD) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 48 CFR ch 2 5 CFR 1315.5 (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 41 USC 1303 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: Yes | Government Levels Affected: None |
Small Entities Affected: Businesses, Organizations | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: Yes | |
Agency Contact: Mary Overstreet Department of Defense Defense Acquisition Regulations Council 3060 Defense Pentagon, Washington, DC 20301 Phone:571 372-6093 Email: mary.overstreet@osd.mil |