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HR 3534 112th Congress House

Security in Bonding Act of 2012

Official title: To amend title 31, United States Code, to revise requirements related to assets pledged by a surety, and for other purposes.

Introduced: December 1, 2011 See on congress.gov
Finance and Financial Sector Congressional oversightContracts and agencyFinancial services and investmentsMinority and disadvantaged businesses
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 16 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 16, 2012
Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
May 15, 2012
Motion to reconsider laid on the table Agreed to without objection.
May 15, 2012
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2676-2677)
May 15, 2012
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H2676-2677)
May 15, 2012
DEBATE - The House proceeded with forty minutes of debate on H.R. 3534.
May 15, 2012
Considered under suspension of the rules. (consideration: CR H2676-2678)
May 15, 2012
Mr. Smith (TX) moved to suspend the rules and pass the bill, as amended.
Apr 27, 2012
Placed on the Union Calendar, Calendar No. 322.
Apr 27, 2012
Reported (Amended) by the Committee on Judiciary. H. Rept. 112-460.
Mar 20, 2012
Ordered to be Reported (Amended) by Voice Vote.
Mar 20, 2012
Committee Consideration and Mark-up Session Held.
Mar 15, 2012
Subcommittee on Courts, Commercial and Administrative Law Discharged.
Mar 5, 2012
Subcommittee Hearings Held.
Dec 14, 2011
Referred to the Subcommittee on Courts, Commercial and Administrative Law.
Dec 1, 2011
Referred to the House Committee on the Judiciary.
Dec 1, 2011
Introduced in House
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 Latest action May 16, 2012

Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

 Plain-English summary Congressional Research Service

(This measure has not been amended since it was reported to the House on April 27, 2012. The summary of that version is repeated here.)

Security in Bonding Act of 2012 - Revises requirements related to assets pledged by a surety.

Declares that if another applicable law or regulation permits the acceptance of a bond from a surety that is not subject to specified federal law, and is based on a pledge of assets by the surety, the assets pledged by such surety shall: (1) consist of eligible obligations given as security instead of surety bonds; and (2) be submitted to the government official required to approve or accept the bond, who shall deposit the assets with a depository (the Secretary of the Treasury, a federal reserve bank, or a depository designated by the Secretary).

Requires the Comptroller General to study: (1) all instances during the 10-year period before the enactment of this Act in which a surety bond proposed or issued by a surety in connection with a federal project was rejected by a federal contracting officer, or accepted but was later found to have been backed by insufficient collateral or to be otherwise deficient or with respect to which the surety did not perform; (2) the consequences to the federal government, subcontractors, and suppliers of such instances, and (3) the percentages of all federal contracts that were awarded to small disadvantaged businesses and disadvantaged business enterprises as prime contractors in the two-year period before and after the enactment of this Act, and an assessment of its impact upon such percentages.

 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
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APA
U.S. Congress. (2026). H.R. 3534: Security in Bonding Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-HR-3534/
MLA
"H.R. 3534: Security in Bonding Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-3534/.
Bluebook (legal)
H.R. 3534, 112th Cong. (2026), https://openamerica.io/bill/112-HR-3534/.
Markdown link
[H.R. 3534: Security in Bonding Act of 2012](https://openamerica.io/bill/112-HR-3534/)
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