Political Quotes

“Madam Speaker, I move to suspend the rules and pass the bill (H.R. 3534) to amend title 31, United States Code, to revise requirements related to assets pledged by a surety, and for other purposes, as amended. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 3534 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Security in Bonding Act of 2012''. SEC. 2. SURETY BOND REQUIREMENTS. Chapter 93 of subtitle VI of title 31, United States Code, is amended-- (1) by adding at the end the following: ``Sec. 9310. Individual sureties ``If another applicable law or regulation permits the acceptance of a bond from a surety that is not subject to sections 9305 and 9306 and is based on a pledge of assets by the surety, the assets pledged by such surety shall-- ``(1) consist of eligible obligations described under section 9303(a); and ``(2) be submitted to the official of the Government required to approve or accept the bond, who shall deposit the assets with a depository described under section 9303(b).''; and (2) in the table of contents for such chapter, by adding at the end the following: ``9310. Individual sureties.''. SEC. 3. GAO STUDY.…”