PlainBillCongress, translated.Legislation. Context. Public interest.Placed on the Union Calendar, Calendar No. 342.
Congressional Research Service
Version 19 · Reported to House amended, Part II · May 21, 2014
Security in Bonding Act of 2014 - Amends the Small Business Investment Act of 1958 with respect to any Small Business Administration (SBA) guarantee or agreement to indemnify a surety under the Small Business Investment Program against loss from a breach of the terms of a bid bond, payment bond, performance bond, or ancillary bonds, by a principal on any total work order or contract amount at the time of bond execution that does not exceed $6.5 million, as adjusted for inflation.
Increases from 70% to 90% of the loss incurred and paid by a surety authorized to issue bonds (subject to SBA guarantee) the SBA's maximum obligation to pay the surety under the guarantee or agreement to indemnify.
People & committees
Rep. Hanna, Richard L. [R-NY-22] · R–NY
Legislative record
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Placed on the Union Calendar, Calendar No. 342.
Reported (Amended) by the Committee on Small Business. H. Rept. 113-462, Part II.
Reported (Amended) by the Committee on Small Business. H. Rept. 113-462, Part II.
Reported (Amended) by the Committee on Judiciary. H. Rept. 113-462, Part I.
Reported (Amended) by the Committee on Judiciary. H. Rept. 113-462, Part I.
Ordered to be Reported (Amended) by Voice Vote.
Committee Consideration and Mark-up Session Held.
Subcommittee on Regulatory Reform, Commercial And Antitrust Law Discharged.
Further action deferred.
Committee Consideration and Mark-up Session Held.
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Referred to the Committee on the Judiciary, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on the Judiciary, and in addition to the Committee on Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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