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United States · Bill · S

S. 836 (95th)

A bill to amend title IV of the Small Business Investment Act of 1958.

referredUnited States· United States Congress· EN

Introduced

1 March 1977

Last action

Status

Referred to Senate Select Committee on Small Business.

Sponsors

Subjects

Discovery layer

Source updated

14 January 2025

Summary

Amends the Small Business Investment Act of 1958 to exclude from the definition of the term "surety" as such term is used in connection with guarantees of bid bonds, performance bonds, and payment bonds, the surety's producing agent if the producing agent is an independent contractor. Adds a new definition of the term "guarantee" to signify an undertaking by the Small Business Administration that it will pay the surety a sum not to exceed 90 percent of the loss incurred by the surety.

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Documents

1 official file

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Sources

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