Equal Surety Bond Opportunity Act of 1992

Summary

Equal Surety Bond Opportunity Act of 1992 - Prohibits the Secretary of the Treasury from approving a company as a surety unless it is in full compliance with the requirements of this Act. Sets forth administrative enforcement procedures. Includes within the compliance criteria of this Act: (1) timely notification by a surety to the bond applicant as to the action taken on the bond application and specific reasons for rejection; and (2) prohibition of discrimination on the basis of race, color, religion, national origin, sex, marital status, sexual orientation of age. Delineates activities not constituting discrimination. Sets forth civil penalties for noncompliance with the nondiscrimination proscriptions, including liability for reasonable attorney's fees. Requires the Secretary to promulgate regulations to implement this Act.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 9 April 1992

  Open at official source

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