S. 666104th CongressSenate Bill

Equal Surety Bond Opportunity Act of 1995

Introduced in the SenateDead

This bill died when its Congress ended.

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Equal Surety Bond Opportunity Act of 1995 - 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.

Introduced Apr 4, 1995
1
Introduced

Filed in the Senate

2
Passed Senate
3
Passed House
4
Became Law

This senate bill has been filed and is working its way through Congress. It will need to pass both the Senate and the House, then be signed by the President to become law.

Who introduced this

PS

Paul Simon

Democrat

U.S. Senator · IL

Introduced solo — no cosponsors joined.

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