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What's New: Advocacy

SFAA Provides Input to DoL Changes to Labor Bond Requirements

Monday, September 30, 2019  

The U.S. Department of Labor (DoL) recently proposed changes to its bond requirements for the certification of temporary employment of nonimmigrant workers employed in the agriculture industry. The proposed changes include significant increases in the bonding requirements for farm labor contracts, new standardized electronic verification requirements, and a potential removal of the option for sureties to cancel its bond with participating employers. SFAA expressed concern on the potential elimination of provisions allowing the cancelation of bonds, emphasizing the importance of maintaining sureties ability to manage its risk exposure. In addition, SFAA requested DoL to provide additional information regarding its new standardized electronic bond form to ensure the standardized form will not cause market disruption by requiring onerous bond terms. Lastly, SFAA cautioned against significant increases to the required bond amount, noting that this could adversely impact the availability and underwriting standards associated with the required bond.

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