H.R. 3534, Security in Bonding Act of 2011

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H.R. 3534, Security in Bonding Act of 2011
from CBO Recent CBO Publications
As ordered reported by the House Committee on the Judiciary on March 20, 2012

H.R. 3534 would amend federal law regarding the use of certain surety bonds by the private sector for work on federal construction projects. Specifically, the legislation would strengthen the collateral requirements for individual sureties. H.R. 3534 also would require a report by
the Government Accountability Office (GAO) on the use of surety bonds by federal contractors over the past 10 years.

http://www.cbo.gov/publication/43167