3.0.0 5789 2023-01-12T17:52:38Z 2023-01-12T17:52:38Z House H HR 2006-07-13 109 hsju00 Judiciary Committee House Standing Referred to 2006-07-13T14:02:25Z 2006-07-13 Referred to the House Committee on the Judiciary. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2006-07-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-07-13 Introduced in House IntroReferral 1000 9 Library of Congress F000451 Rep. Fitzpatrick, Michael G. [R-PA-8] Michael Fitzpatrick R PA G. 8 N S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2006-07-13 True Finance and Financial Sector Commerce Economics and Public Finance Government securities Securities Surety and fidelity Finance and Financial Sector 00 2006-07-13 Introduced in House 2006-08-31T20:02:33Z 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.

]]> To amend title 31, United States Code, to modernize cash management by allowing the use of certain obligations instead of surety bonds. Display Title To amend title 31, United States Code, to modernize cash management by allowing the use of certain obligations instead of surety bonds. Official Title as Introduced To amend title 31, United States Code, to modernize cash management by allowing the use of certain obligations instead of surety bonds. Introduced in House IH Introduced in House 2006-07-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr5789ih/xml/BILLS-109hr5789ih.xml 2006-07-13 Referred to the House Committee on the Judiciary. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.