Summary: S.3187 — 101st Congress (1989-1990)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed Senate amended (10/19/1990)

Amends the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 to include within the definition of "response action contractor" any surety who, between October 17, 1990, and December 31, 1992, provides a bid, performance, or payment bond to a response action contractor and begins activities to meet obligations under such bond.

Provides that surety bonds required for direct Federal procurement of response action contracts under the Miller Act shall be issued in accordance with such Act. Provides that, if under any Federal law surety bonds are required for direct Federal procurement of response action contracts: (1) no right of action shall accrue on the performance bond issued on such contract to or for the use of any person other than the obligee named in the bond; and (2) in the event of a default, the surety's liability on a bond shall be only for the cost of completion of the contract work in accordance with the plans less the balance of funds remaining to be paid under the contract, up to the penal sum of the bond.