H.R. 2018 · 110th Congress
Disaster Surety Bond Enhancement Act of 2007
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
JeffersonSponsorNo cosponsors.
Disaster Surety Bond Enhancement Act of 2007 - Permits the Administrator of the Small Business Administration (SBA), for any federal procurement related to a major disaster, to prescribe, guarantee, and enter into commitments to guarantee any surety against loss resulting from the breach of a bond by a principal on any total work order or contract amount…
What it does: CRS summary · Introduced in House · Apr 24, 2007
Disaster Surety Bond Enhancement Act of 2007 - Permits the Administrator of the Small Business Administration (SBA), for any federal procurement related to a major disaster, to prescribe, guarantee, and enter into commitments to guarantee any surety against loss resulting from the breach of a bond by a principal on any total work order or contract amount that does not exceed $5 million at the time of bond execution. Allows the Administrator to increase such maximum amount to $10 million upon request of the head of any federal agency other than the SBA.
Makes this Act retroactive to any major disaster relating to Hurricanes Katrina, Rita, or Wilma.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Disaster Surety Bond Enhancement Act of 2007
Latest action (Apr 24, 2007): Referred to the House Committee on Small Business.
Policy area: Commerce · Origin: House · Introduced: Apr 24, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.