legislation: 109-hr-5789

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
109-hr-5789 109 hr 5789 To amend title 31, United States Code, to modernize cash management by allowing the use of certain obligations instead of surety bonds. Finance and Financial Sector 2006-07-13 2006-07-13 Referred to the House Committee on the Judiciary. House Rep. Fitzpatrick, Michael G. [R-PA-8] PA R F000451 1 Amends federal law governing surety bonds to repeal the definition of government obligation as a public debt obligation of the U.S. government whose principal and interest is unconditionally guaranteed by the government. Defines as an eligible obligation any security designated by the Secretary of the Treasury as acceptable in lieu of a surety bond. Authorizes the use of an eligible obligation instead of a surety bond if its market value, as determined by the Secretary, is equal to or greater than the amount of the required surety bond. 2023-01-12T17:52:38Z  

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