US Congress House Bill 776 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 5-2)
Status: Introduced on February 15 2013 - 25% progression, died in chamber
Action: 2014-05-21 - Placed on the Union Calendar, Calendar No. 342.
Text: Latest bill text (Introduced) [PDF]

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.

Security in Bonding Act of 2014

Rep. Richard Hanna [R-NY]	Rep. Chris Collins [R-NY]	Rep. Sam Graves [R-MO]	Rep. Tim Griffin [R-AR]
Rep. Blaine Luetkemeyer [R-MO]	Rep. Michelle Lujan Grisham [D-NM]	Rep. Grace Meng [D-NY]

Date	Chamber	Action
2014-05-21	House	Placed on the Union Calendar, Calendar No. 342.
2014-05-21	House	Reported (Amended) by the Committee on Small Business. H. Rept. 113-462, Part II.
2014-05-21	House	Reported (Amended) by the Committee on Judiciary. H. Rept. 113-462, Part I.
2014-04-30	House	Ordered to be Reported (Amended) by Voice Vote.
2014-04-30	House	Committee Consideration and Mark-up Session Held.
2014-04-29	House	Subcommittee on Regulatory Reform, Commercial And Antitrust Law Discharged.
2014-03-05	House	Further action deferred.
2014-03-05	House	Committee Consideration and Mark-up Session Held.
2013-04-08	House	Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
2013-02-15	House	Referred to House Small Business
2013-02-15	House	Referred to House Judiciary
2013-02-15	House	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.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/776/all-info
Text	https://www.congress.gov/113/bills/hr776/BILLS-113hr776ih.pdf
Text	https://www.congress.gov/113/bills/hr776/BILLS-113hr776rh.pdf