110-H.R.2018

To provide additional authority to the Administrator of the Small Business Administration with respect to disaster surety bonds.

4/24/2007--Introduced.

Disaster Surety Bond Enhancement Act of 2007 - Permits the Administrator of the Small Business Administration (SBA), for any federal procurement related to a major disaster, to prescribe, guarantee, and enter into commitments to guarantee any surety against loss resulting from the breach of a bond by a principal on any total work order or contract amount that does not exceed $5 million at the time of bond execution. Allows the Administrator to increase such maximum amount to $10 million upon request of the head of any federal agency other than the SBA.

Makes this Act retroactive to any major disaster relating to Hurricanes Katrina, Rita, or Wilma.

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