S.1960: Surety Bond Improvement Act of 2007

About This Bill

Bill Cosponsor

Bill Summary

Surety Bond Improvement Act of 2007 - Amends the Small Business Investment Act of 1958 to: (1) authorize the Administrator of the Small Business Administration (SBA) to guarantee any surety against loss from a small business principal's breach of bond on any total work or contract amount that does not exceed $3 million (under current law, $2 million); (2) direct the Administrator to authorize a surety that issues, monitors, or services such...

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Aug. 2, 2007

Introduced in the Senate by Olympia J. Snowe (R-Maine)

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