HR 776
113th Congress
House
Finance and Financial Sector
Congressional oversight
Contracts and agency
Financial services and investments
Government liability
Government studies and investigations
Minority and disadvantaged businesses
Public contracts and procurement
Small business
Security in Bonding Act of 2014
Introduced: February 15, 2013
See on congress.gov
Everywhere this bill has been
11 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 2014
Placed on the Union Calendar, Calendar No. 342.
May 21, 2014
Reported (Amended) by the Committee on Small Business. H. Rept. 113-462, Part II.
May 21, 2014
Reported (Amended) by the Committee on Judiciary. H. Rept. 113-462, Part I.
Apr 30, 2014
Ordered to be Reported (Amended) by Voice Vote.
Apr 30, 2014
Committee Consideration and Mark-up Session Held.
Apr 29, 2014
Subcommittee on Regulatory Reform, Commercial And Antitrust Law Discharged.
Mar 5, 2014
Further action deferred.
Mar 5, 2014
Committee Consideration and Mark-up Session Held.
Apr 8, 2013
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Feb 15, 2013
Referred to the Committee on the Judiciary, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Feb 15, 2013
Introduced in House
Plain-English summary
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.
What's happening now
Placed on the Union Calendar, Calendar No. 342.
Committees of jurisdiction
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