Referred to the Subcommittee on Commercial and Administrative Law.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Jun 6, 2002
Equal Surety Bond Opportunity Act - Cites activities that constitute unlawful discrimination by a surety against an applicant in a surety bond transaction, including denial: (1) on the basis of race, color, religion, national origin, sex, marital status, sexual orientation, or disability; or (2) because the applicant previously obtained a bond through a certain bonding assistance program or any special purpose bonding program.Requires a surety to notify an applicant of action on the surety application within ten days of its filing.Entitles an applicant against whom adverse action is taken to a statement of reasons for such action.Subjects a surety to liability to the aggrieved applicant for both actual damages and legal costs for noncompliance with this Act.Mandates full compliance with this Act as a condition for approval as surety by the Secretary of the Treasury.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 19, 2025. Consult Congress.gov for the current record.
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