A bill for the relief of certain subcontractors that incurred losses resulting from the avoidable insufficiency of payment and performance bonds furnished in connection with Coast Guard contract DTC50-87-C-00096.

Directs the Secretary of the Treasury to pay a specified sum to named subcontractors in full satisfaction of all claims against the United States arising from the failure of Coast Guard personnel to exercise diligence in determining the sufficiency of the sureties on the performance and payment bonds furnished to the United States by the contractor, in connection with a certain contract.