UNIFORM SMALL PURCHASE THRESHOLD FOR VARIOUS REQUIREMENTS APPLICABLE TO FEDERAL GOVERNMENT CONTRACTORS

SEC. 806. UNIFORM SMALL PURCHASE THRESHOLD FOR VARIOUS REQUIREMENTS APPLICABLE TO FEDERAL GOVERNMENT CONTRACTORS (a) Small Purchase Threshold Defined.— (1) Section 4 of the Office of Federal Procurement Policy Act (41 U.S.C. 403) is amended— (A) by striking out “and” at the end of paragraph (9); (B) by striking out the period at the end of paragraph (10) and inserting in lieu thereof “; and”; and (C) by adding at the end the following new paragraph: “(11) the term ‘small purchase threshold’ means $25,000, adjusted on October 1 of each year divisible by 5 to the amount equal to $25,000 in constant fiscal year 1990 dollars (rounded to the nearest $1,000).”.”. (2) The first adjustment under section 4(11) of such Act, as amended by paragraph (1), shall be made on October 1, 1995. (b) Amendments to Title 10.— Section 2304(g) of title 10, United States Code, is amended— (1) in paragraph (2), by striking out “$25,000” and inserting in lieu thereof “the small purchase threshold”; (2) in paragraph (3), by striking out “$25,000” and inserting in lieu thereof “the small purchase threshold”; and (3) by adding at the end the following new paragraph: “(5) In this subsection, the term ‘small purchase threshold’ has the meaning given such term in section 4(11) of the Office of Federal Procurement Policy Act (41 U.S.C. 403(11)).”. (c) Amendments to the Federal Property and Administrative Services Act of 1949.— Section 303(g) of the Federal Property and Administrative Services Act of 1949 (41 U.S.C. 253) is amended— (1) in paragraph (2), by striking out “$25,000” and inserting in lieu thereof “the small purchase threshold”; (2) in paragraph (3), by striking out “$25,000” and inserting in lieu thereof “the small purchase threshold”; and (3) by adding at the end the following new paragraph: “(5) In this subsection, the term ‘small purchase threshold’ has the meaning given such term in section 4(11) of the Office of Federal Procurement Policy Act (41 U.S.C. 403(11)).”. (d) Additional Amendments to the Office of Federal Procurement Policy Act.— Section 18(a)(1) of the Office of Federal Procurement Policy Act (41 U.S.C. 416(a)(1)) is amended— (1) by striking out “$25,000” each place it appears and inserting in lieu thereof “the small purchase threshold”; and (2) in clause (A)— (A) by inserting “or” at the end of subclause (i); (B) by striking out “; or” at the end of subclause (ii) and inserting in lieu thereof a comma; and (C) by striking out subclause (iii). (e) Amendments to Small Business Act.— The Small Business Act (15 U.S.C. 631 et seq.) is amended as follows: 104 STAT. 1593 (1) Section 3 of such Act is amended by adding at the end the following new subsection: “(m) For purposes of this Act, the term ‘small purchase threshold’ has the meaning given such term in section 4(11) of the Office of Federal Procurement Policy Act (41 U.S.C. 403(11)).”. (2) Section 8 of such Act is amended— (A) in subsection (d)(2)(A), by striking out “$10,000” and inserting in lieu thereof “the small purchase threshold”; and (B) in subsection (e)(1)— (i) by striking out “$25,000” each place it appears and inserting in lieu thereof “the small purchase threshold”; (ii) by inserting “or” at the end of subclause (i) of clause (A); (iii) by striking out “; or” at the end of subclause (ii) of clause (A) and inserting in lieu thereof a comma; and (iv) by striking out subclause (iii) of clause (A). (3) Section 15(j) of such Act is amended by striking out “of less than $25,000” and inserting in lieu thereof “not in excess of the small purchase threshold”.