Department of Transportation Bonding Assistance Authority Act of 2011
Latest action · Feb 15, 2011 Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 14, 2011
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Department of Transportation Bonding Assistance Authority Act of 2011 - Replaces the mandate for the Minority Resource Center to provide bonding assistance to disadvantaged business enterprises.
Authorizes the Secretary of Transportation, acting through the Minority Resource Center, to prescribe, guarantee, and enter into commitments to guarantee a surety against loss resulting from a small business concern's breach of a bond that is required for it to bid on or perform a transportation project contract, pay on the contract, or serve as a prime contractor or subcontractor on such contract.
Authorizes the Secretary to indemnify such a surety up to 90% of any loss sustained by it in avoiding or attempting to avoid a breach of a bond guaranteed under this Act.
Requires the Secretary to establish a program under which not more than five selected states may carry out: (1) the activities of the Secretary with respect to issuing surety guarantees, as well as (2) the activities of sureties to assist eligible small business concerns.
Cosponsors 5
Members who signed on, in the order they did. Signatures ran from Feb 15, 2011 to Sep 22, 2011.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MO | Wm. Lacy Clay | Feb 15, 2011 | |
| D-CA | Barbara Lee | Feb 18, 2011 | |
| D-MS | Bennie G. Thompson | Feb 18, 2011 | |
| D-CA | Laura Richardson | Jul 25, 2011 | |
| D-TX | Al Green | Sep 22, 2011 |
Actions 4
Everything that happened, newest first.
- Feb 15, 2011Referred to the Subcommittee on Highways and Transit.
- Feb 15, 2011Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
- Feb 14, 2011Introduced in House
- Feb 14, 2011Referred to the House Committee on Transportation and Infrastructure.
Subjects
Assigned by the Library of Congress. Policy area: Transportation and Public Works.
Text 1
Each version as it was printed, newest first.
- Feb 14, 2011Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.