Security in Bonding Act of 2012

3.0.0 3534 2022-03-02T05:13:14Z 2022-03-02T05:13:14Z House H HR 2011-12-01 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HANNA:H.R. 3534.Congress has the power to enact this legislation pursuantto the following:The Constitutional authority on which this bill rests isenumerated in Clause 3 of Section 8 of Article I of theUnited States Constitution.[Page H8076]]]> ssga00 Homeland Security and Governmental Affairs Committee Senate Standing Referred to 2012-05-16T19:18:04Z hsju00 Judiciary Committee House Standing hsju03 Courts, Intellectual Property, and the Internet Subcommittee Discharged from 2012-03-15T16:17:22Z Hearings by 2012-03-05T14:38:34Z Referred to 2011-12-14T20:09:35Z Reported by 2012-04-27T17:15:53Z Markup by 2012-03-20T21:03:32Z Referred to 2011-12-01T15:00:41Z H. Rept. 112-460 2012-05-16 ssga00 Homeland Security and Governmental Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs. IntroReferral 2012-05-15 17:07:47 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2012-05-15 17:07:44 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2676-2677) Floor H37300 2 House floor actions 2012-05-15 17:07:44 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H2676-2677) Floor 8000 9 Library of Congress 2012-05-15 16:55:57 DEBATE - The House proceeded with forty minutes of debate on H.R. 3534. Floor H8D000 2 House floor actions 2012-05-15 16:55:55 Considered under suspension of the rules. (consideration: CR H2676-2678) Floor H30000 2 House floor actions 2012-05-15 16:55:37 Mr. Smith (TX) moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2012-04-27 Placed on the Union Calendar, Calendar No. 322. Calendars H12410 2 House floor actions U00322 2012-04-27 Reported (Amended) by the Committee on Judiciary. H. Rept. 112-460. Committee H12200 2 House floor actions hsju00 Judiciary Committee 2012-04-27 Reported (Amended) by the Committee on Judiciary. H. Rept. 112-460. Committee 5000 9 Library of Congress hsju00 Judiciary Committee 2012-03-20 hsju00 Judiciary Committee 1 House committee actions Ordered to be Reported (Amended) by Voice Vote. Committee 2012-03-20 hsju00 Judiciary Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2012-03-15 hsju00 Judiciary Committee 1 House committee actions Subcommittee on Courts, Commercial and Administrative Law Discharged. Committee 2012-03-05 hsju03 Courts, Intellectual Property, and the Internet Subcommittee 1 House committee actions Subcommittee Hearings Held. Committee 2011-12-14 hsju03 Courts, Intellectual Property, and the Internet Subcommittee 1 House committee actions Referred to the Subcommittee on Courts, Commercial and Administrative Law. Committee 2011-12-01 Referred to the House Committee on the Judiciary. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2011-12-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-12-01 Introduced in House IntroReferral 1000 9 Library of Congress H001051 Rep. Hanna, Richard L. [R-NY-24] Richard Hanna R NY L. 24 N M001182 Rep. Mulvaney, Mick [R-SC-5] Mick Mulvaney R SC 5 2011-12-01 True G000566 Rep. Gowdy, Trey [R-SC-4] Trey Gowdy R SC 4 2012-02-28 False P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2012-03-01 False Finance and Financial Sector Congressional oversight Contracts and agency Financial services and investments Minority and disadvantaged businesses Public contracts and procurement Small business Finance and Financial Sector

00 2011-12-01 Introduced in House 2012-02-22T16:10:54Z Security in Bonding Act of 2011 - Revises requirements related to assets pledged by a surety.

Reverses the current prohibition to authorize the government official who approves or accepts the surety bond to require that it be given through a guaranty corporation, including a particular guaranty corporation.

Declares that if another applicable law or regulation permits the acceptance of a bond from a surety that is not subject to specified federal law, and is based on a pledge of assets by the surety, the assets pledged by such surety shall: (1) consist of eligible obligations given as security instead of surety bonds; and (2) be submitted to the government official required to approve or accept the bond, who shall deposit the assets with a depository (the Secretary of the Treasury, a federal reserve bank, or a depository designated by the Secretary).

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17 2012-04-27 Reported to House with amendment(s) 2012-05-21T19:02:12Z Security in Bonding Act of 2012 - Revises requirements related to assets pledged by a surety.

Requires the Comptroller General to study: (1) all instances during the 10-year period before the enactment of this Act in which a surety bond proposed or issued by a surety in connection with a federal project was rejected by a federal contracting officer, or accepted but was later found to have been backed by insufficient collateral or to be otherwise deficient or with respect to which the surety did not perform; (2) the consequences to the federal government, subcontractors, and suppliers of such instances, and (3) the percentages of all federal contracts that were awarded to small disadvantaged businesses and disadvantaged business enterprises as prime contractors in the two-year period before and after the enactment of this Act, and an assessment of its impact upon such percentages.

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36 2012-05-15 Passed House amended 2012-05-21T19:02:32Z (This measure has not been amended since it was reported to the House on April 27, 2012. The summary of that version is repeated here.)

Security in Bonding Act of 2012 - Revises requirements related to assets pledged by a surety.

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Security in Bonding Act of 2012 Short Titles as Introduced Security in Bonding Act of 2011 Short Titles as Reported to House Security in Bonding Act of 2012 H House Short Titles as Passed House Security in Bonding Act of 2012 H House Display Title Security in Bonding Act of 2012 Official Title as Introduced To amend title 31, United States Code, to revise requirements related to assets pledged by a surety, and for other purposes. Referred in Senate 2012-05-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3534rfs/xml/BILLS-112hr3534rfs.xml Engrossed in House 2012-05-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3534eh/xml/BILLS-112hr3534eh.xml Reported in House 2012-04-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3534rh/xml/BILLS-112hr3534rh.xml Introduced in House 2011-12-01T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3534ih/xml/BILLS-112hr3534ih.xml 2012-05-16 Received in the Senate and Read twice and referred to the Committee on Homeland Security and Governmental Affairs. 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.