Discrimination in Surety Bonding Hearing Before the Subcommittee On Minority E
Discrimination in Surety Bonding Hearing Before the Subcommittee On Minority E
Finance United States Congress House Committee On Small
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". 13 (5) Revocation for failure to pay cer- 14 TAIN JUDGMENTS. — Section 9305(e) of title 31, 15 United States Code, is amended — 16 (A) by striking "and" at the end of para- 17 graph (1); 18 (B) by redesignating paragraph (2) as 19 paragraph (3); and 20 (C) by inserting after paragraph (1) the 21 follo^ving new paragraph: 22 "(2) the corporation does not pay a final judg- 23 ment or order against the corporation for noncompli- 24 ance \vith the Equal Surety Bond Opportunity Act 79 11 1 or fai...ls to comply with any order under section 3(c) 2 of such Act;". 3 (c) Technical and Conforming A^iendment. — 4 Section 9304(a)(3) of title 31, United States Code, is 5 amended by inserting "and section 4(a) of the Equal Sur- 6 ety Bond Opportunity Act" before the period. 7 (d) Regulations. — 8 (1) In general. — The Secretar}^ of the Treas- 9 uiy shall prescribe such regulations as may be nec- 10 essarj' to cany out the purposes of this Act. 11 (2) Initial regulations. — The initial regula- 12 tions prescribed pursuant to paragi-aph (1) shall 13 take effect at the earliest practicable date after the 14 date of the enactment of this Act and not later than 15 the end of the lyear period beginning on such date 16 of enactment.
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