Equal Surety Bond Opportunity Act of 1993

Referred to Subcommittee on Constitution.

Congressional Research Service

Official summary

Version 00 · Introduced in Senate · Jul 20, 1993

Equal Surety Bond Opportunity Act of 1993 - Prohibits a company from being approved as a surety by the Secretary of the Treasury or from providing any surety bond unless it maintains full compliance with this Act. Amends Federal law regarding Treasury-approved surety firms to require them to: (1) notify a bond applicant of the status of his or her application within ten days of its receipt; and (2) provide a statement of specific reasons to each applicant whose bond application has been denied. Cites activities which constitute unlawful discrimination under this Act. Makes a surety corporation liable to the applicant for civil penalties for violations of this Act.

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People & committees

Who introduced it

Sen. Simon, Paul [D-IL] · D–IL

Committees

Judiciary Committee

1 cosponsorship records, including any withdrawals

Sen. Moseley-Braun, Carol [D-IL]

Legislative record

Actions

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

Aug 16, 1993
Referred to Subcommittee on Constitution.
Jul 20, 1993
Read twice and referred to the Committee on Judiciary.
Jul 20, 1993
Sponsor introductory remarks on measure. (CR S9062)
Jul 20, 1993
Introduced in Senate

Primary sources

Bill text & related measures

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

Introduced in Senate · Jul 20, 1993 Formatted Text PDF

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: Aug 10, 2026. Consult Congress.gov for the current record.

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Objective

Analyze S.1259 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.

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Discuss S.1259, 103rd Congress: Equal Surety Bond Opportunity Act of 1993

Official record: https://www.congress.gov/bill/103rd-congress/senate-bill/1259

Text version to examine: Introduced in Senate · 1993-07-20.

Official full text: https://www.congress.gov/103/bills/s1259/BILLS-103s1259is.htm

Imported record last updated by the source: 2026-08-10T11:53:42Z. 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 S.1259 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 S.1259 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.

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Discuss S.1259, 103rd Congress: Equal Surety Bond Opportunity Act of 1993

Official record: https://www.congress.gov/bill/103rd-congress/senate-bill/1259

Text version to examine: Introduced in Senate · 1993-07-20.

Official full text: https://www.congress.gov/103/bills/s1259/BILLS-103s1259is.htm

Imported record last updated by the source: 2026-08-10T11:53:42Z. 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 S.1259 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 S.1259 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.

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Discuss S.1259, 103rd Congress: Equal Surety Bond Opportunity Act of 1993

Official record: https://www.congress.gov/bill/103rd-congress/senate-bill/1259

Text version to examine: Introduced in Senate · 1993-07-20.

Official full text: https://www.congress.gov/103/bills/s1259/BILLS-103s1259is.htm

Imported record last updated by the source: 2026-08-10T11:53:42Z. 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 S.1259 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 S.1259 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 S.1259, 103rd Congress: Equal Surety Bond Opportunity Act of 1993

Official record: https://www.congress.gov/bill/103rd-congress/senate-bill/1259

Text version to examine: Introduced in Senate · 1993-07-20.

Official full text: https://www.congress.gov/103/bills/s1259/BILLS-103s1259is.htm

Imported record last updated by the source: 2026-08-10T11:53:42Z. 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 S.1259 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.