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H.R.2018 / 110th Congress

Disaster Surety Bond Enhancement Act of 2007

Referred to the House Committee on Small Business.

Official summary

Version 00 · Introduced in House · Apr 24, 2007

Disaster Surety Bond Enhancement Act of 2007 - Permits the Administrator of the Small Business Administration (SBA), for any federal procurement related to a major disaster, to prescribe, guarantee, and enter into commitments to guarantee any surety against loss resulting from the breach of a bond by a principal on any total work order or contract amount that does not exceed $5 million at the time of bond execution. Allows the Administrator to increase such maximum amount to $10 million upon request of the head of any federal agency other than the SBA.

Makes this Act retroactive to any major disaster relating to Hurricanes Katrina, Rita, or Wilma.

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Who introduced it

Rep. Jefferson, William J. [D-LA-2] · D–LA

Committees

  • Small Business Committee
0 cosponsorship records, including any withdrawals

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    1. Referred to the House Committee on Small Business.

    2. Introduced in House

    3. Introduced in House

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    Related bills identified by Congress.gov

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    Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.

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