Onto the Senate: US House of Representatives Passes HR 3534 On March 15, the U.S. House of Representatives passed HR 3534, the Security in Bonding Act of 2012, which will ensure that the assets pledged by individuals acting as sureties on federal contracts are real, sufficient, readily convertible to cash, and in the custody and control of the federal government. HR 3534 was introduced by Rep. Richard Hanna (NY), who NASBP briefed on problems arising from individual surety bonds pledged with insufficient assets.
This informative Workshop will be held October 18-19 in Dallas, Texas. The expert presenters work with participants...
Preparing for the Future Transfer of Your Business Presented by Jonathan Dick and Kevin Doyle October 30 at 2 p.m. EDT
NASBP testified before a U.S. Congressional hearing of the House Small Business Committee February 9 on the SBA Surety Bond Guarantee Program, the Security in Bonding Act of 2012, among other issues.
Click above to view NASBP CEO Mark McCallum’s opening testimony.