To amend title 31, United States Code, to revise requirements related to assets pledged by a surety, and for other purposes.CommentsClose CommentsPermalink
Mr. HANNA (for himself and Mr. GRAVES of Missouri) introduced the following bill; which was 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 concernedCommentsClose CommentsPermalink
To amend title 31, United States Code, to revise requirements related to assets pledged by a surety, and for other purposes.CommentsClose CommentsPermalink
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,CommentsClose CommentsPermalink
‘If another applicable law or regulation permits the acceptance of a bond from a surety that is not subject to sections 9305 and 9306 and is based on a pledge of assets by the surety, the assets pledged by such surety shall--CommentsClose CommentsPermalink
‘(2) be submitted to the official of the Government required to approve or accept the bond, who shall deposit the assets with a depository described under section 9303(b).’; andCommentsClose CommentsPermalink
Section 411(c)(1) of the Small Business Investment Act of 1958 (15 U.S.C. 694b(c)(1)) is amended by striking ‘70’ and inserting ‘90’.CommentsClose CommentsPermalink
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U.S. Congress - Text of H.R.776 as Introduced in House Security in Bonding Act of 2013
