Sec. 3. Surety bond requirements and amount of guarantee
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Chapter 93 of title 31, United States Code, is amended— by adding at the end the following: If another applicable Federal law or regulation permits the acceptance of a bond from a surety that is not subject to sections 9305 and 9306 and is based on a pledge of assets by the surety, the assets pledged by such surety shall— consist of eligible obligations described under section 9303(a); and be submitted to the official of the Government required to approve or accept the bond, who shall deposit the obligations as described under section 9303(b). ; and in the table of sections, by adding at the end the following: 9310.
Individual sureties. . Section 411(c)(1) of the Small Business Investment Act of 1958 ( 15 U.S.C. 694b(c)(1) ) is amended by striking 70 and inserting 90 . The amendments made by this section shall take effect 1 year after the date of enactment of this Act.
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Sec. 3
Surety bond requirements and amount of guarantee
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