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Small & Emerging Contractors


What's New: Government Affairs

SFAA Seeking to Reverse Onerous Treasury Regulations

Wednesday, September 14, 2016  
  SFAA Seeking to Reverse Onerous Treasury Regulations 

SFAA is working to address U.S. Treasury Department regulations that allow any federal agency to develop a regulatory process for declining a surety's bond "for cause" according to the procedures set forth in the regulations. The regulations also allow the federal agency to petition Treasury to delist that surety from Circular 570. SFAA objected to the changes when they were proposed, but Treasury chose to adopt the revised regulations. SFAA will address any agency rules that propose to implement this authority.

Members should visit Government Relations / General Info (Members) for more information.

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