,,ib ,union ,calendar ,no4 #cdb #aacth ,,congress #b;d ,session ,h4 ,r4 #ggf ,report ,no4 #aac-dfb1 ,parts ,i and ,,ii ,,in ,,the ,,house ,,of ,,representatives ,february #ae1 #bjac ,mr4 ,hanna 7for himself and ,mr4 ,graves of ,missouri7 introduced the following bill2 which was referred to the ,committee on the ,judiciary1 and in addition to the ,committee on ,small ,business1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,may #ba1 #bjad ,additional sponsors3 ,ms4 ,meng1 ,mr4 ,luetkemeyer1 ,mr4 ,collins of ,new ,york1 ,ms4 ,michelle ,lujan ,grisham of ,new ,mexico1 and ,mr4 ,griffin of ,arkansas ,may #ba1 #bjad ,reported from the ,committee on the ,judiciary with an amendment ,strike out all after the enacting clause and insert the part printed in italic ,may #ba1 #bjad ,reported from the ,committee on ,small ,business with amendments2 committed to the ,committee of the ,whole ,house on the ,state of the ,union and ordered to be printed ,strike out all after the enacting clause and insert the part printed in boldface roman ,a ,,bill ,to amend title #ca1 ,united ,states ,code1 to revise requirements related to assets pledged by a surety1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,security in ,bonding ,act of #bjac4 #b4 ,surety bond requirements ,chapter #ic of subtitle ,,vi of title #ca1 ,united ,states ,code1 is amended-- 7#a7 by adding at the end the following3 #icaj4 ,individual sureties ,if another applicable law or regulation permits the acceptance of a bond from a surety that is not subject to sections #icje and #icjf and is based on a pledge of assets by the surety1 the assets pledged by such surety shall-- 7#a7 consist of eligible obligations described under section #icjc7;a72 and 7#b7 be submitted to the official of the ,government required to approve or accept the bond1 who shall deposit the assets with a depository described under section #icjc7;b74 2 and 7#b7 in the table of contents for such chapter1 by adding at the end the following3 #icaj4 ,individual sureties4 4 #c4 ,,sba surety bond guarantee ,section #daa7;c77#a7 of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fid;b7c77#a77 is amended by striking #gj and inserting #ij4 #a4 ,short title ,this ,act may be cited as the ,security in ,bonding ,act of #bjad4 #b4 ,surety bond requirements ,chapter #ic of subtitle ,,vi of title #ca1 ,united ,states ,code1 is amended-- 7#a7 by adding at the end the following3 #icaj4 ,individual sureties ,if another applicable law or regulation permits the acceptance of a bond from a surety that is not subject to sections #icje and #icjf and is based on a pledge of assets by the surety1 the assets pledged by such surety shall-- 7#a7 consist of eligible obligations described under section #icjc7;a72 and 7#b7 be submitted to the official of the ,government required to approve or accept the bond1 who shall deposit the assets with a depository described under section #icjc7;b74 2 and 7#b7 in the table of contents for such chapter1 by adding at the end the following3 #icaj4 ,individual sureties4 4 #c4 ,,sba surety bond guarantee ,section #daa7;c77#a7 of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fid;b7c77#a77 is amended by striking #gj and inserting #ij4 #d4 ,,gao ,study 7a7 ,study ,the ,comptroller ,general of the ,united ,states shall carry out a study on the following3 7#a7 ,all instances during the #aj-year period prior to the date of enactment of the ,act in which a surety bond proposed or issued by a surety in connection with a ,federal project was-- 7,a7 rejected by a ,federal contracting officer2 or 7,b7 accepted by a ,federal contracting officer1 but was later found to have been backed by insufficient collateral or to be otherwise deficient or with respect to which the surety did not perform4 7#b7 ,the consequences to the ,federal ,government1 subcontractors1 and suppliers of the instances described under paragraph 7#a74 7#c7 ,the percentages of all ,federal contracts that were awarded to new startup businesses 7including new startup businesses that are small disadvantaged businesses or disadvantaged business enterprises71 small disadvantaged businesses1 and disadvantaged business enterprises as prime contractors in the #b-year period prior to and the #b-year period following the date of enactment of this ,act1 and an assessment of the impact of this ,act and the amendments made by this ,act upon such percentages4 7b7 ,report ,not later than the end of the #c-year period beginning on the date of the enactment of this ,act1 the ,comptroller ,general shall issue a report to the ,committee on the ,judiciary of the ,house of ,representatives and the ,committee on ,homeland ,security and ,government ,affairs of the ,senate containing all findings and determinations made in carrying out the study required under subsection 7a74 7c7 ,definitions ,for purposes of this section3 7#a7 ,disadvantaged business enterprise ,the term disadvantaged business enterprise has the meaning given that term under section #bf4e of title #di1 ,code of ,federal ,regulations4 7#b7 ,new startup business ,the term new startup business means a business that was formed in the #b-year period ending on the date on which the business bids on a ,federal contract that requires giving a surety bond4 7#c7 ,small disadvantaged business ,the term small disadvantaged business has the meaning given that term under section #abd4ajjb7;b7 of title #ac1 ,code of ,federal ,regulations4 #a4 ,short title ,this ,act may be cited as the ,security in ,bonding ,act of #bjad4 #b4 ,,sba surety bond guarantee ,section #daa7;c77#a7 of the ,small ,business ,investment ,act of #aieh 7#ae ,u4,s4,c4 #fid;b7c77#a77 is amended by striking #gj and inserting #ij4 ,amend the title so as to read3 ,a bill to amend the ,small ,business ,investment ,act of #aieh to increase the amount of a surety bond guarantee44 ,may #ba1 #bjad ,reported from the ,committee on the ,judiciary with an amendment ,may #ba1 #bjad ,reported from the ,committee on ,small ,business with amendments2 committed to the ,committee of the ,whole ,house on the ,state of the ,union and ordered to be printed