H.R. 4455 · 108th Congress
Equal Surety Bond Opportunity Act
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
NortonSponsorNo cosponsors.
Equal Surety Bond Opportunity Act - Cites activities that constitute unlawful discrimination by a surety against an applicant in a surety bond transaction, including denial: (1) on the basis of race, color, religion, national origin, sex, marital status, sexual orientation, or disability; or (2) because the applicant previously obtained a bond through a…
What it does: CRS summary · Introduced in House · May 20, 2004
Equal Surety Bond Opportunity Act - Cites activities that constitute unlawful discrimination by a surety against an applicant in a surety bond transaction, including denial: (1) on the basis of race, color, religion, national origin, sex, marital status, sexual orientation, or disability; or (2) because the applicant previously obtained a bond through a certain bonding assistance program or any special purpose bonding program.
Requires a surety to notify an applicant of action on the surety application within ten days of its filing.
Entitles an applicant against whom adverse action is taken to a statement of reasons for such action.
Subjects a surety to liability to the aggrieved applicant for both actual damages and legal costs for noncompliance with this Act.
Mandates full compliance with this Act as a condition for approval as surety by the Secretary of the Treasury.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Equal Surety Bond Opportunity Act
Latest action (Jun 28, 2004): Referred to the Subcommittee on the Constitution.
Policy area: Commerce · Origin: House · Introduced: May 20, 2004
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.