Pub. L. 101-509, tit. VI, sec. 627

Sec. 627. (a) Agencies receiving funds appropriated by any Act and which award contracts under the Federal Acquisition Regulations shall provide to the General Accounting Office during October 1991, the following information for contracts awarded during fiscal year 1991— (1) the number and total dollar value of contracts awarded which required bonding of the contractors; (2) the number and total dollar value of contracts for which individual sureties were used to meet the bonding requirements; (3) the number of defaults by contractors using individual sureties and percentage they represent of total defaults; (4) the number of individual sureties who defaulted on their obligation and the total dollar value of such defaults; and (5) the number of contracts awarded to Minority Business Enterprises which required bonding of contractors and the number of these which used individual sureties to meet the bonding requirements. (b) The General Accounting Office shall compile the information collected under subsection (a) and provide a report to the Senate and House Appropriations Committees no later than April 1, 1992. Such report shall include— (1) the percentage of contracts for which individual sureties were used to meet bonding requirements; (2) the percentage of total defaults by contractors using individual sureties; (3) the percentage of individual sureties which default on their obligations; and (4) the percentage of contracts awarded to Minority Business Enterprises for which individual sureties were used to meet bonding requirements.