To amend title 31, United States Code, to modernize cash management by allowing the use of certain obligations instead of surety bonds.

Referred to the House Committee on the Judiciary.

Congressional Research Service

Official summary

Version 00 · Introduced in House · Jul 13, 2006

Amends federal law governing surety bonds to repeal the definition of government obligation as a public debt obligation of the U.S. government whose principal and interest is unconditionally guaranteed by the government.

Defines as an eligible obligation any security designated by the Secretary of the Treasury as acceptable in lieu of a surety bond.

Authorizes the use of an eligible obligation instead of a surety bond if its market value, as determined by the Secretary, is equal to or greater than the amount of the required surety bond.

Read the summary on Congress.gov

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People & committees

Who introduced it

Rep. Fitzpatrick, Michael G. [R-PA-8] · R–PA

Committees

Judiciary Committee

1 cosponsorship records, including any withdrawals

Rep. Scott, David [D-GA-13]

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Jul 13, 2006
Referred to the House Committee on the Judiciary.
Jul 13, 2006
Introduced in House
Jul 13, 2006
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Jul 13, 2006 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Jan 2, 2025. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.5789 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

View full prompt & sources

Discuss H.R.5789, 109th Congress: To amend title 31, United States Code, to modernize cash management by allowing the use of certain obligations instead of surety bonds.

Official record: https://www.congress.gov/bill/109th-congress/house-bill/5789

Text version to examine: Introduced in House · 2006-07-13.

Official full text: https://www.congress.gov/109/bills/hr5789/BILLS-109hr5789ih.htm

Imported record last updated by the source: 2025-01-02T16:59:07Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.5789 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.5789 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.5789, 109th Congress: To amend title 31, United States Code, to modernize cash management by allowing the use of certain obligations instead of surety bonds.

Official record: https://www.congress.gov/bill/109th-congress/house-bill/5789

Text version to examine: Introduced in House · 2006-07-13.

Official full text: https://www.congress.gov/109/bills/hr5789/BILLS-109hr5789ih.htm

Imported record last updated by the source: 2025-01-02T16:59:07Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.5789 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.5789 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.5789, 109th Congress: To amend title 31, United States Code, to modernize cash management by allowing the use of certain obligations instead of surety bonds.

Official record: https://www.congress.gov/bill/109th-congress/house-bill/5789

Text version to examine: Introduced in House · 2006-07-13.

Official full text: https://www.congress.gov/109/bills/hr5789/BILLS-109hr5789ih.htm

Imported record last updated by the source: 2025-01-02T16:59:07Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.5789 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.5789 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.5789, 109th Congress: To amend title 31, United States Code, to modernize cash management by allowing the use of certain obligations instead of surety bonds.

Official record: https://www.congress.gov/bill/109th-congress/house-bill/5789

Text version to examine: Introduced in House · 2006-07-13.

Official full text: https://www.congress.gov/109/bills/hr5789/BILLS-109hr5789ih.htm

Imported record last updated by the source: 2025-01-02T16:59:07Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.5789 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.