Security in Bonding Act of 2014
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Security in Bonding Act of 2014 - Amends the Small Business Investment Act of 1958 with respect to any Small Business Administration (SBA) guarantee or agreement to indemnify a surety under the Small Business Investment Program against loss from a breach of the terms of a bid bond, payment bond, performance bond, or ancillary bonds, by a principal on any total work order or contract amount at the time of bond execution that does not exceed $6.5 million, as adjusted for inflation.
Increases from 70% to 90% of the loss incurred and paid by a surety authorized to issue bonds (subject to SBA guarantee) the SBA's maximum obligation to pay the surety under the guarantee or agreement to indemnify.
Placed on the Union Calendar, Calendar No. 342.
- Introduced in House Formatted Text PDF Formatted XML
- Reported in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 776: Security in Bonding Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-HR-776/
"H.R. 776: Security in Bonding Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-776/.
H.R. 776, 113th Cong. (2026), https://openamerica.io/bill/113-HR-776/.
[H.R. 776: Security in Bonding Act of 2014](https://openamerica.io/bill/113-HR-776/)