Bill would require transparency for individual-surety assets

02/27/2013 | Engineering News-Record

A bill proposed by Rep. Richard Hanna, R-N.Y., aims to help ensure that the assets pledged by individual sureties actually have value, according to this editorial. "Being able to see clearly the asset backing a bond will allow contractors and federal contracting officers to know the guarantees promised on paper are backed by honest companies pledging real assets," the editorial concludes.

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