A bill to amend title 31, United States Code, to permit reciprocal insurance exchanges to act as sureties for persons required or permitted to provide surety bonds under Federal law.

[AI summary unavailable — showing source text] Provides that whenever any U.S. law requires or permits a person to provide a surety bond through a surety the law is satisfied if the surety bond is provided by an approved surety (currently, only by an incorporated surety). Limits the circumstances under which the Secretary of the Treasury shall revoke the authority of an approved surety to failure to pay a final judgment within 30 days.…