“Payment for Performance Act” will relieve contractor headaches
SMACNA enthusiastically supports the “Small Business Payment for Performance Act of 2017” (H.R. 2594), which would put reforms in place to pay federal contractors more quickly for change orders.
The bill will ensure federal contractors get paid sooner for completed change orders. The legislation allows contractors to submit a request for equitable adjustment (REA)—an increase in fee—to the agency. The contractor may then bill the agency for actual change order work completed while the REA is pending. Once the agency receives the REA, it must pay 50 percent of the billed change order work amount in a timely manner to offset extra costs.
Nuclear Energy Innovation Act promotes transparency
In addition, SMACNA endorses “The Nuclear Energy Innovation and Modernization Act of 2017” (S. 512), which recently passed out of the Senate’s Committee on Environment and Public Works with a 18-3 vote, demonstrating strong bipartisan support.
SMACNA supports the legislation’s improved approach to licensing fusion and fission systems, which would enable the processing of licenses for new advanced nuclear reactors in an industry that provides electricity to millions of people.
It also ensures that advanced reactor developers can qualify for federal financial support and encourages private investment in research and development of advanced technology.
The bill would also promote transparency within the Nuclear Regulatory Commission (NRC), step up the efficiency of uranium regulation, and improve the assessment of fuel rod technology.
You can take action on these and other important legislation by contacting your members of Congress through SMACNA’s Advocacy webpage.