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- S.3835
S.3835: A bill to reinstate the increase in the surety bond guarantee limits for the Small Business Administration.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about commerce
- Introduced Sept. 23, 2010
- Latest Major Action Sept. 23, 2010
Bill Sponsor
Bill Summary
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;...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Read twice and referred to the Committee on Small Business and Entrepreneurship.
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Sept. 23, 2010 |
Introduced in the Senate by Benjamin L. Cardin (D-Md.) |