legislation: 111-s-3835

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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
111-s-3835 111 s 3835 A bill to reinstate the increase in the surety bond guarantee limits for the Small Business Administration. Commerce 2010-09-23 2010-09-23 Read twice and referred to the Committee on Small Business and Entrepreneurship. Senate Sen. Cardin, Benjamin L. [D-MD] MD D C000141 2 Amends the Small Business Investment Act of 1958 to make permanent the increase from $2 million to $5 million in the surety bond guaranty limit of the Small Business Administration (SBA). Relieves the SBA from reimbursing the surety if: (1) the surety obtained such guarantee or agreement, or applied for such reimbursement, by fraud or material misrepresentation; (2) the total contract amount at the time of bond execution exceeds $5 million; (3) the surety has breached a material term or condition of such guarantee agreement; or (4) the surety has substantially violated regulations promulgated by the SBA. 2023-01-11T13:21:24Z  

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