How the bail bonding industry thrives in the U.S.
The U.S. is one of only two countries in the world with a legal bail bonding industry, which allows bail bond companies to pay a defendant's bond in exchange for a fee (typically 15% of the bail price) when the defendant can't afford to pay the bail price and doesn't want to wait in jail until their trial.
Why it matters:
The bail system, which often favors those who are rich and hurts citizens who can't manage to scrape the hundreds to tens of thousands of dollars required for bail, is ripe for reform. Senators Kamala Harris and Rand Paul introduced a bipartisan bail reform bill earlier this year, which incentivizes states to reform their bail practices, but not much has come of it.