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.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.