[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2660 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 2660

  To amend the Act known as the ``Miller Act'' to raise the value of 
 contracts for which performance bonds and payment bonds are required 
                            under that Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 15, 1993

   Mr. Wynn introduced the following bill; which was referred to the 
                       Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
  To amend the Act known as the ``Miller Act'' to raise the value of 
 contracts for which performance bonds and payment bonds are required 
                            under that Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INCREASED VALUE OF CONTRACTS FOR WHICH BONDS REQUIRED UNDER 
              MILLER ACT.

    The Act of August 24, 1935 (40 U.S.C. 270a et seq.), popularly 
known as the ``Miller Act'', is amended in the first section by 
striking ``$25,000 in amount'' and inserting ``$150,000 in amount 
(adjusted on October 1 of each year divisible by 5 to the amount equal 
to $150,000 in constant fiscal year 1993 dollars, rounded to the 
nearest $1,000)''.

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