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What's New: Advocacy

Regulations to Implement New Federal Law on Bond Guarantees Stalled

Friday, July 28, 2017  
 

Regulations to Implement New Federal Law on Bond Guarantees Stalled

The U.S. Small Business Administration’s (SBA) proposed rules to implement a change in the law that increased the guarantee percentage for the Preferred Surety Bond Guarantee Program (PSB) from not more than 70% to not more than 90% of the losses appear to have stalled in the wake of the Trump Administration’s regulatory freeze. SFAA worked with the Coalition in 2015 to obtain the statutory revisions on this issue. Final regulations have not been issued to date and it is not clear when any action will occur.

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

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