To prohibit discrimination on the basis of certain factors with respect to any aspect of a surety bond transaction.
Equal Surety Bond Opportunity Act - Cites activities that constitute unlawful discrimination by a surety against an applicant in a surety bond transaction, including denial: (1) on the basis of race, color, religion, national origin, sex, marital status, sexual orientation, or disability; or (2) because the applicant previously obtained a bond through a certain bonding assistance program or any special purpose bonding program.
Requires a surety to notify an applicant of action on the surety application within ten days of its filing.
Entitles an applicant against whom adverse action is taken to a statement of reasons for such action.
Subjects a surety to liability to the aggrieved applicant for both actual damages and legal costs for noncompliance with this Act.
Mandates full compliance with this Act as a condition for approval as surety by the Secretary of the Treasury.
Introduced in House
Introduced in House
Referred to the House Committee on the Judiciary.
Sponsor introductory remarks on measure. (CR E952)
Referred to the Subcommittee on the Constitution.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line