Security in Bonding Act of 2013 is introduced in the House

02/27/2013 | WBNG-TV (Johnson City, N.Y.)

The Security in Bonding Act of 2013, filed by Rep. Richard Hanna, R-N.Y., would tighten the rules for noncorporate sureties. One of the bill's other provisions aims to help more small companies get bonded. "The Security in Bonding Act will protect the construction industry from bad practices that hurt their bottom line and hinder their ability to grow and create jobs," Hanna said. NASBP supports the provisions of the 2013 Security in Bonding Act, H.R. 776, as it supported the 2012 Security in Bonding Act, H.R. 3534, in the last Congress.

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WBNG-TV (Johnson City, N.Y.)

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