[Night Hides Not]

Thanks for the news, but I'll bet it's still in Committee. I've got a phone interview next week with a company affiliated with the federal government. It's for a year long contract to set up their system to comply with this law.

My prediction? It will languish in committee, and be repealed before the mid-term elections (after the word really gets out), thus ending the "year-long" contract at the six month mark, or less.

You've helped me with my decision. I've been offered a two year contract at another employer, albeit at less money (i.e. bird in the hand). I'll still do the interview, but I'm going to ask them what they know about the prospects for repeal.

[luckybogey]

I guess I can understand that a company would need to hire IT folks to make this change in their internal AR/AP system.

I would assume SAP, Oracle, etc., would do this automatically for their private and gov’t customers.

The biggest issue that I see is for a government entity (i.e. local, city, state and fed) to change their payment system to withhold the additional 3%?

The other big issue would be subcontractors? There appears to be disagreement if this applies to subs and the conflict with the prompt payment act?

Not sure but will look into. Thanks for the post.