Equal Surety Bond Opportunity Act
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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.
Referred to the Subcommittee on Commercial and Administrative Law.
- Introduced in House Formatted Text PDF
Cite this page
U.S. Congress. (2026). H.R. 4891: Equal Surety Bond Opportunity Act. 107th Congress. Open America. https://openamerica.io/bill/107-HR-4891/
"H.R. 4891: Equal Surety Bond Opportunity Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-4891/.
H.R. 4891, 107th Cong. (2026), https://openamerica.io/bill/107-HR-4891/.
[H.R. 4891: Equal Surety Bond Opportunity Act](https://openamerica.io/bill/107-HR-4891/)