US SB2187 | 2011-2012 | 112th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on March 12 2012 - 25% progression, died in committee
Action: 2012-03-12 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 12 2012 - 25% progression, died in committee
Action: 2012-03-12 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Small Business Investment Act of 1958 to allow the Administrator of the Small Business Administration (SBA) to guarantee a surety against any loss resulting from the breach of a bid bond, payment bond, performance bond, or bonds ancillary thereto, by a principal on any work order or contract amount up to $5 million (under current law, up to $2 million). Requires the Administrator to reimburse such a surety unless the total contract exceeds such increased amount.
Title
A bill to remove the sunset date for amendments to the Small Business Investment Act of 1958, and for other purposes.
Sponsors
| Sen. Benjamin Cardin [D-MD] | Sen. Mary Landrieu [D-LA] | Sen. Olympia Snowe [R-ME] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-03-12 | Senate | Read twice and referred to the Committee on Small Business and Entrepreneurship. |
Same As/Similar To
SB3442 (Related) 2012-11-29 - Committee on Small Business and Entrepreneurship. Hearings held.
SB3572 (Related) 2012-09-19 - Read twice and referred to the Committee on Finance.
SB3572 (Related) 2012-09-19 - Read twice and referred to the Committee on Finance.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/senate-bill/2187/all-info |
| Text | https://www.congress.gov/112/bills/s2187/BILLS-112s2187is.pdf |
