US HB688 | 2011-2012 | 112th Congress
Status
Sponsorship: Partisan Bill (Democrat 6)
Status: Introduced on February 14 2011 - 25% progression, died in committee
Action: 2011-02-15 - Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Pending: House Subcommittee on Railroads, Pipelines, and Hazardous Materials Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 14 2011 - 25% progression, died in committee
Action: 2011-02-15 - Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Pending: House Subcommittee on Railroads, Pipelines, and Hazardous Materials Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Department of Transportation Bonding Assistance Authority Act of 2011 - Replaces the mandate for the Minority Resource Center to provide bonding assistance to disadvantaged business enterprises. Authorizes the Secretary of Transportation, acting through the Minority Resource Center, to prescribe, guarantee, and enter into commitments to guarantee a surety against loss resulting from a small business concern's breach of a bond that is required for it to bid on or perform a transportation project contract, pay on the contract, or serve as a prime contractor or subcontractor on such contract. Authorizes the Secretary to indemnify such a surety up to 90% of any loss sustained by it in avoiding or attempting to avoid a breach of a bond guaranteed under this Act. Requires the Secretary to establish a program under which not more than five selected states may carry out: (1) the activities of the Secretary with respect to issuing surety guarantees, as well as (2) the activities of sureties to assist eligible small business concerns.
Title
Department of Transportation Bonding Assistance Authority Act of 2011
Sponsors
| Rep. Elijah Cummings [D-MD] | Rep. Lacy Clay [D-MO] | Rep. Al Green [D-TX] | Rep. Barbara Lee [D-CA] |
| Rep. Laura Richardson [D-CA] | Rep. Bennie Thompson [D-MS] |
History
| Date | Chamber | Action |
|---|---|---|
| 2011-02-15 | House | Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. |
| 2011-02-15 | House | Referred to the Subcommittee on Highways and Transit. |
| 2011-02-14 | House | Referred to the House Committee on Transportation and Infrastructure. |
Subjects
Infrastructure development
Intergovernmental relations
Minority and disadvantaged businesses
Public contracts and procurement
Small business
State and local government operations
Transportation and public works
Transportation programs funding
Intergovernmental relations
Minority and disadvantaged businesses
Public contracts and procurement
Small business
State and local government operations
Transportation and public works
Transportation programs funding
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/688/all-info |
| Text | https://www.congress.gov/112/bills/hr688/BILLS-112hr688ih.pdf |
