3.0.0 3835 2023-01-11T13:21:24Z 2023-01-11T13:21:24Z Senate S S 2010-09-23 111 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2010-09-23T20:26:44Z A bill to make permanent the increase in the surety bond guarantee limits for the Small Business Administration. 111 3836 S 2010-09-23 Read twice and referred to the Committee on Small Business and Entrepreneurship. Related bill CRS 2010-09-23 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2010-09-23 Introduced in Senate IntroReferral 10000 9 Library of Congress C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD N L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA 2010-09-23 True B000243 Sen. Baucus, Max [D-MT] MAX BAUCUS D MT SIEBEN 2010-09-23 True Commerce Civil actions and liability Public contracts and procurement Small business Commerce 00 2010-09-23 Introduced in Senate 2010-11-23T18:08:52Z 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.

]]> A bill to reinstate the increase in the surety bond guarantee limits for the Small Business Administration. Display Title A bill to reinstate the increase in the surety bond guarantee limits for the Small Business Administration. Official Title as Introduced A bill to reinstate the increase in the surety bond guarantee limits for the Small Business Administration. Introduced in Senate IS Introduced in Senate 2010-09-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s3835is/xml/BILLS-111s3835is.xml 2010-09-23 Read twice and referred to the Committee on Small Business and Entrepreneurship. 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.