S.2187 - A bill to remove the sunset date for amendments to the Small Business Investment Act of 1958, and for other purposes.

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  • Official: A bill to remove the sunset date for amendments to the Small Business Investment Act of 1958, and for other purposes. as introduced.

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Introduced
 
Senate
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House
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President
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03/12/12
 
 
 
 
 
 
 

Official 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

Official 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.

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