Equal Surety Bond Opportunity Act of 1993

Summary

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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Timeline

1. 20 July 1993

   Introduced

   Read twice and referred to the Committee on Judiciary.

   Source: IntroReferral

2. 20 July 1993

   Introduced

   Sponsor introductory remarks on measure. (CR S9062)

   Source: IntroReferral

3. 20 July 1993

   Introduced

   Introduced in Senate

   Source: IntroReferral

4. 16 August 1993

   Referred

   Referred to Subcommittee on Constitution.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 20 July 1993 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 20 July 1993

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 20 July 1993

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 20 July 1993

  Open at official source

Sponsors

• Rep. Simon, Paul [D-IL-24] · D · Sponsor
• Sen. Moseley-Braun, Carol [D-IL] · D · Sponsor
• · ssju00 · Standing

Related records

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