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SFAA Newsletter

The Surety & Fidelity Weekly newsletter is published every Monday.  The newsletter provides valuable information regarding surety and fidelity industry developments, federal and state legislative activity, legal decisions, new bonding opportunities, regulatory news, upcoming industry events, and much more.

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2020: August 3

  • Negotiations On Next COVID-19 Relief Bill Extend into August
  • ASCE Highlights America’s Construction-Ready Infrastructure Projects
  • SFAA Co-hosts Webinar with Associated Builders and Contractors on the Impact of COVID-19 on the Surety Industry
  • Save the Date for the following Committee meetings via Zoom and the 2020 Commercial Surety Seminar
  • Updated Resources Available to Members

2020: July 27

  • SFAA Co-Hosts Webinar with Associated Builders and Contractors (ABC) on the Impact of COVID-19 on the Surety Industry
  • Negotiations Continue on the Next COVID-19 Relief Bill
  • Congress Approves the Great American Outdoors Act
  • Senate and House Approve Separate Versions of Defense Bills NDAA
  • Save the Date for the Following Committee Meetings Via Zoom

2020: July 20

  • Trump Administration Rolls Back Environmental Regulations for Environmental Approval
  • House Committee Approves Bipartisan Water Infrastructure Bill
  • SFAA/ABC Webinar Tomorrow - The Impact of COVID-19 on the Surety Industry - What Contractors Need to Know
  • SFAA Released an Overview Document of Economic Data from S&P and Other Sources re: Putting Americans Back to Work

2020: July 13

  • Construction Industry Adds 158,000 Workers in June but Infrastructure Jobs Continue to Decline
  • House Approves $1.5 Trillion Infrastructure Bill
  • Accessing SFAA's Legislative and Regulatory Reports

2020: June 29

  • House to Consider $1.5 Trillion Infrastructure Bill This Week
  • Fidelity Advisory Committee Discusses How to Deal with Losses Related to Looting
  • SFAA Hosts Webinar Update on COVID-19
  • Barbara Reiff Bids SFAA Farewell

2020: June 22

  • Register Today for SFAA's Webinar on COVID-19's Impact On Infrastructure
  • Infrastructure Investment Gains Momentum in Washington
  • SFAA Releases Quarterly Top 100 Surety and Fidelity Writers Reports

2020: June 15

  • House Committee Continues Consideration of $494 Billion Infrastructure Bill
  • Contract Bonds and Commercial Surety Advisory Committees Hold First Ever Virtual Meeting
  • SFAA Joins Executive Committee of Top Transportation Coalition
  • Save the Date - SFAA's Upcoming Webinar on COVID-19's Impact on Infrastructure
  • SFAA Government Affairs Advisory Committee Meets on 2020 Priorities
  • Stephen Taylor, Former District of Columbia DISB Commissioner Joins SFAA

2020: June 8

  • House Introduces Five-Year Surface Transportation Bill and Senate Resumes its Work on Infrastructure
  • SFAA Issues Two Press Release Last Week
  • Congress Approves Bill to Provide More Flexibility for Recipients of PPP Loans
  • SFAA Communications Department - Taking it to the Next Level
  • New Survey Highlights Jobs Rebound in May
  • SFAA's William Heinbokel - Guest Speaker at AXIS Capital's Webinar on Cyber Security for Remote Workers

2020: June 1

  • SFAA Board Meeting Recap
  • House Passes Legislation to Provide More Flexibility for Recipients of PPP Loans
  • Senate Committees Announces Hearings on Infrastructure
  • Harvard Business School Publishes a Study on Occupational Licensing
  • SFAA Updates State Legislative Reports

2020: May 26

  • SBA Expands Acceptance of Electronic Signatures for Bond Guarantee Program
  • Contract Bonds Advisory Committee to Meet
  • Construction Industry Employment Continues to Decline Amid Pandemic
  • New Commercial Surety Advisory Committee Structure to Drive Engagement

2020: May 18

  • House of Representatives Passes Phase 4 COVID-19 Relief Bill
  • New Report Highlights Rural Infrastructure Needs
  • SFAA Pushes Back Against Small Business Trucking Coalition Request for Bond Exemption
  • SFAA Updates Loan Forgiveness Guidance on SBA Loan Program

2020: May 11

  • Senate Committee Advances Water Infrastructure Bills
  • US Treasury Extends Safe Harbor to Return PPP Loans
  • SFAA Webinar Provides Industry Updates re: COVID-19
  • New Survey Will Provide Critical Information to the SFAA Private
  • Bonding Task Force
  • Looking to Find Relevant Compensation Data?

2020: May 4

  • SFAA Releases Recent Top 100 Surety and Fidelity Writer's Report
  • SFAA Hosts COVID-19 Webinar
  • U.S. DoD Takes Action to Provide Flexibility for Electronically Executed Bonds
  • SBA Highlights Second Round of PPP Lending as Industry Requests
    Further Clarification on the New Program Guidance
  • SFAA Requests SBA to Relax Rules Preventing Bail Bond Companies from Accessing SBA Loans
  • Looking to Find Relevant Compensation Data?

2020: April 27

  • Congress Advances Additional Funding for SBA Paycheck Protection Program
  • AGC and AIA Provide Updates on Economic Impact of COVID-19 to the Construction Sector
  • SFAA Requests Chief Acquisition Officers Council to Provide Flexibility on Electronic Bonds
  • Looking to Find Relevant Compensation Data?

2020: April 20

  • SFAA Supports Proposed Federal Rule Change for Individual Sureties
  • Negotiations in Congress Continue on Providing COVID-19 Relief
  • Construction Industry Ranks First Among Industries Seeking SBA Loans
  • Trump Administration Announces Industry Revival Working Groups to
    Navigate COVID-19 Economic Disruption
  • Looking to Find Relevant Compensation Data?

2020: April 13

  • GSA Issues Important Clarification on Use of Electronic Signatures
  • SFAA Updates New Bonding Opportunity Report and End of Session Reports
  • AGC Secures Important Clarification on SBA Paycheck Protection Loans for Construction Industry
  • Congress Shifts Focus Away from Infrastructure to Immediate COVID-19 Relief Legislation
  • AM Best Downgrades Surety Sector Outlook from Stable to Negative

2020: April 6

  • SFAA Requests Public Officials to Permit Greater Use of Electronic Bonds
  • AGC Raises Concerns for Contractors Applying for SBA Loans
  • SFAA Updates Legislative Tracking Reports
  • Looking to Find Relevant Compensation Data?

2020: March 30

  • SFAA Priority TIFIA Legislation Introduced in Congress
  • Peter Roth Joins SFAA as VP of Strategic Communications, Marketing and Research
  • In Memoriam - SFAA Recognizes Tom Niehoff’s Impact on the Surety Industry
  • Looking for Summer Interns?

2020: March 23

  • Negotiations on Covid-19 Relief Stimulus Package Continue in Congress
  • Department of Homeland Security Declares Insurance as Critical Infrastructure
  • Looking for Summer Interns?

2020: March 16

  • ABC Report Highlights Growth but Foreshadows Downturn in Construction Sector Hiring
  • ongress and the White House Advance Measures for Covid-19 Relief
  • Looking for Summer Interns?

2020: March 9

  • Surety Industry Advances Federal Priorities in DC
  • SFAA Submits Testimony in Opposition to MD SB 801 on Bad Faith
  • Treasury Posts Industry Comments on Surety Related Request for
  • Congress Continues to Deliberate Next Steps on Funding Infrastructure
  • Looking for Summer Interns?

2020: February 24

  • SFAA Submits Comments on Treasury's Surety Request for Information
  • Presidential Candidates Weigh in with Infrastructure Proposals
  • Updated Legislative and Regulatory Tracking Reports Available for SFAA Members
  • Looking for Summer Interns?
  • ***SAVE THE DATE*** SFAA's 112th Annual Meeting - May 27-28, 2020

2020: February 18

  • President Proposes $1 Trillion of Infrastructure Investment in 2021
  • American Institute of Architects Approves Changes to Warranty Bond
  • Coming Soon - 2020 Compensation Survey
  • Looking for Summer Interns?
  • ***SAVE THE DATE*** SFAA's 112th Annual Meeting - May 27-28, 2020

2020: February 10

  • Legislation Clarifying Bonding Discretion Advances in Pennsylvania
  • SFAA Updates Advocacy Webpage for Members
  • Surety Industry Submits Joint Comments on SBA's Mentor Protégé
  • New Updates to SFAA's Legislative and Regulation Tracking Reports
  • Registration for SFAA's 2020 Fly-In Ends Today
  • ***SAVE THE DATE*** SFAA's 112th Annual Meeting - May 27-28, 2020

2020: February 3

  • SFAA Supports Congress' Efforts on Infrastructure Reform
  • New Updates to 2019 New Bond Opportunity Report
  • Surety Industry Highlights Diversity and Inclusion During ABA Panel
  • SFAA Presents Fidelity Industry's Perspective During ABA Mid-Winter Meeting
  • Register for the 2020 SFAA Fly-In!

2020: January 27

  • New Updates to SFAA's Legislative & Regulation Tracking Reports
  • Construction Industry Procurement Coalition Urges Action to Stop Reverse Auctions
  • Register for the 2020 SFAA Fly-In!
  • Looking for Summer Interns?

2020: January 21

  • Register for the 2020 SFAA Fly-In!
  • House Democrats Announce Intentions to Introduce an Infrastructure Bill
  • SFAA Issues Updated Joint White Paper
  • SFAA Annual Call for Statistics Releases This Week
  • Looking for Summer Interns

2020: January 13

  • Register for SFAA's 2020 Fly-In Today!
  • SFAA Updates its Priority and Comprehensive Legislative Reports
  • House Considers Top Water Projects for 2020 WRDA Bill
  • Report Predicts Increased Demand for Contractors Despite Fear of Labor Shortages
  • Looking for Summer Interns?

2020: January 7

  • SFAA report highlights changes to P3 laws in 2019
  • SFAA updates End of Session Reports for 2019
  • SFAA PAC celebrates successful first year
  • SAVE THE DATE – Capitol Hill Fly-in
  • In Memoriam – Samuel Carradine

2019: December 16

  • House Passes Very Narrow Defense Bill
  • Economists: Recession Looks Less Likely in 2020
  • Mid-Atlantic LSA Raises Money for The Surety Foundation
  • Save the Date! Legislative Fly-In: Washington, D.C. - March 4-5, 2020
  • Apply for the Surety Industry Awards!

2019: December 9

  • SFAA Board Reviews 2019 Accomplishments and Discusses Plans for 2020
  • Commercial Surety and International Committees Meet in New York
  • Brookings: Start From Scratch on Infrastructure
  • Contractors Optimistic About 2020; Labor and Costs May Slow Growth
  • The Surety Foundation Puts YOU In Charge of Industry Recruiting Efforts
  • Apply for the Surety Industry Awards!

2019: December 2

  • Preview: SFAA December Board Meeting
  • Statewide Contractor Coalition Files Suit Over New York's Debarment Laws
  • House Committee Approves Federal Legalization of Marijuana
  • Poll: Voters Want to Hear More About Infrastructure
  • Fill Your Talent Pipeline With The Surety Foundation
  • Surety Industry Awards

2019: November 25

  • SFAA President Discusses State of Surety at Westfield Insurance
  • U.S. Infrastructure Repair Bill: $1 Trillion
  • House Focuses on Resiliency in Water Infrastructure Reauthorization
  • Congress Protects Highway Funding in Short-Term Budget Deal
  • Fill Your Talent Pipeline With The Surety Foundation
  • Did You Work with a Private Owner on a Bonded Project? Apply for the Tiger Trust Award!
  • Apply for the Surety Industry Awards!

2019: November 18

  • SFAA Government Affairs Advisory Committee Assesses 2020 Agenda
  • Joe Biden Releases $1.3 Trillion Infrastructure Plan
  • Maryland and Virginia Plan $1 Billion P3 to Ease Congestion
  • USDOT Announces $900 Million in Infrastructure Grants for States
  • Did You Work with a Private Owner on a Bonded Project? Apply for the Tiger Trust Award!
  • Apply for the Surety Industry Awards!

2019: November 11

  • Voters Turn In Mixed Results on Infrastructure Ballot Measures
  • SFAA Attends Customs Bonds Implementation Meeting
  • Did You Work with a Private Owner on a Bonded Project? Apply for the
    Tiger Trust Award!
  • SFAA Releases Fidelity Bonds Whitepaper on History and Current Trends
  • Apply for the Surety Industry Awards!

2019: November 4

  • SFAA Participates in Subcontractor Advocacy Day
  • Military Construction Uncertain Under New Senate NDAA Strategy
  • 2019 Surety Industry Awards: Apply Today!

2019: October 28

  • Senate Committee Looks to 2020 for Water Infrastructure Bill
  • SFAA Holds Sold Out Commercial Surety Seminars
  • 2019 Surety Industry Awards: Apply Today!

2019: October 14

  • SFAA Negotiates Updated Massachusetts Family Leave Bond Form
  • Bail Reform On Hold in California
  • 2019 Surety Industry Awards: Apply Today!

2019: October 7

  • SFAA Testifies on Statute of Limitations Changes in Virginia
  • SFAA Opposes Elimination of Bond Requirements for Michigan Brewers
  • 2019 Surety Industry Awards: Apply Today!

2019: September 30

  • House Passes SAFE Banking Act; Senate Path Unclear
  • SFAA Responds to Proposed Labor Bond Changes
  • SFAA Pitches College Students on Surety Careers
  • SFAA Discusses SBA Bond Guarantee Program with Director Gibbs

2019: September 23

  • SFAA Welcomes New Leaders
  • SFAA Urges FCC to Accept Surety Bonds
  • Construction Industry Coalition Advocates for Exempting Miller Act from Indexing
  • Senate Advances Increase in Transportation Funding
  • Senate Looks at Next Steps on Water Infrastructure
  • Preliminary Stat Reports to be Posted This Week
  • SFAA to Promote Underwriting Careers at Gamma Iota Sigma

2019: September 16

  • SFAA Persuades CMS Not to Adopt Rules Allowing Rejection of Bonds From Sureties
  • SFAA Opposes SDI Bill in Massachusetts
  • Updated Analysis of Surety Bond Guarantee Program ReleasedProcurement Coalition Supports Miller Act Indexing Exemption

2019: September 9

  • Procurement Coalition Supports Miller Act Indexing Exemption
  • SFAA Raises Concern Over New Debarment Process in New York
  • SFAA and APCIA Obtain Bonding Requirements in New North Carolina P3

2019: July 29

  • New SFAA Service: Online Case Summary Law Library
  • Senate Closes in on Surface Transportation Bill Reauthorization
  • Senate Discusses Conflict with Federal Banking Laws for Cannabis Related Companies
  • Ohio Budget Bill Enacted with Clarification that Bond Threshold Increase Applies Only to Contracts and Not Construction

2019: July 22

  • SUCCESS: Indiana Governor Signs P3 Bonding Law
  • House Committee Highlights Miller Act Protections for Small Businesses
  • P3 Bill Trends
  • Reminder: Call for Data

2019: July 15

  • Missouri Governor Signs SFAA's Bill to Clarify Bonding Requirements for
    Public Works Projects
  • California Bail Bond Bill Fails to Advance After SFAA & APCIA Effort
  • Senate Committee Holds First Hearing on Highway Bill Reauthorization
  • House Committee Discusses Water Resource Development Act
  • Reminder: Call for Data

2019: July 8

  • ENR Annual Surety Supplement: 2019 Surety Mid-Year Update
  • Congress Considers Infrastructure Priorities Before August Recess
  • Trend Spotting – Occupational Licensing Legislation on the Horizon
  • Reminder: Call for Data

2019: June 24

  • New Jersey Includes Bonding Requirements in Proposed P3 Regulations
  • SFAA Attends Hearing on Surface Transportation Bill Reauthorization
  • Oregon Motor Vehicle License Bond Bill Passes without Attorney Fee Provisions for Sureties
  • LSA Spotlight: Surety Association of St. Louis
  • Reminder: Call for Data

2019: June 17

  • Farewell to Lenore Marema
  • LSA Spotlight: Surety Association of San Diego
  • House Committee Approves NDAA with SFAA Bill to Prevent Miller Act Threshold Increases
  • House Set to Consider Next Year’s Transportation Budget This Week
  • Reminder: Call for Data

2019: June 10

  • Success: SFAA-NASBP Legislative Fly-In
  • LSA Spotlight: Surety Association of Ohio
  • Texas Legislature Passes “Right to Repair” Bill for Construction Defects
  • Minnesota Repeals Bond Required for Fuel Distributors and Special Fuel Dealers
  • Reminder: Call for Data

2019: June 3

  • SFAA and NASBP Legislative Fly-In
  • LSA Spotlight: Florida Surety Association
  • Reminder: Call for Data

2019: May 28

  • 2018 Surety Industry Award Winners
  • LSA Spotlight: Rocky Mountain Surety Association
  • States Budget More Money for Infrastructure
  • Ohio State Bond Threshold—Update

2019: May 20

  • 111th Annual Meeting Welcome Video
  • Gribbins says it's a Good Time To "Capitalize on the Public’s Growing
    Support for Infrastructure"
  • SFAA Advances Bonding Priorities as Washington Considers Broad
    Infrastructure Package
  • SFAA Committees Reconsider their Mission and Prioritize Goals at the
    Annual Meeting

2019: May 13

  • 111th Annual Meeting This Week
  • SFAA Bill to Clarify Bonding Requirements in Missouri Heads to Governor's Desk
  • Ohio Turnpike Authority Seeks $500,000 Bond Threshold
  • House Majority Leader kicks off Infrastructure Week in DC

2019: May 6

  • Legislative Fly-In - Register Today
  • The Briefing Room - Federal Affairs
  • SFAA Promotes Careers in the Industry at RIMS
  • States Require Bonding for Wholesale Drug Importation
  • Washington Enacts a Study of Additional Regulation of Home Improvement Contractors

2019: April 29

  • Legislative Fly-In - Register Today
  • ERISA Advisory Council Seeks Updated Bonding Guidance
  • Louisiana Considers Tax Credit Program for P3 Investments
  • Maryland Approves Prevailing Wage Legislation

2019: April 22

  • SFAA 111th Annual Meeting - Register Today
  • Colorado Enacts P3 Bonding Requirements
  • AGC Chief Economist Ken Simonson to Discuss the Construction Market at the 111th Annual Meeting
  • States Consider Bond Requirements for Online Notaries
  • Retainage Bills in the States
  • Welcome, Dalton

2019: April 15

  • SFAA 111th Annual Meeting - Hotel Block Rate Extended to April 19
  • Former Special Assistant to President Trump for Infrastructure Gribbin Set as Keynote Speaker of the 111th Annual Meeting
  • Will Bad Facts Make Bad Law in Oregon?
  • Clarifying Bonding Requirements in Missouri Includes Expanding the Payment Bond Obligations
  • Roundtable: No Shortage of Infrastructure Related Work for the Foreseeable Future

2019: April 8

  • Educating Hill Staffers on Surety Bonding
  • House Committee Marks Up Marijuana Safe Harbor Bill
  • Privatized Military Housing Woes Continue

2019: April 1

  • Educating Hill Staffers on Surety Bonding
  • House Committee Marks Up Marijuana Safe Harbor Bill
  • Privatized Military Housing Woes Continue

2019: March 25

  • Dems Puff, GOP Pass on Cannabis Safe Harbors
  • Mississippi Encourages Bonding on Private Projects
  • New York Executive Order Imposes Integrity Clause on State Contracts
  • Local Governments Pressuring on State Bond Thresholds

2019: March 18

  • SFAA Ready to Go for Infrastructure Push in House and Senate
  • States Not Waiting for Congress on Infrastructure
  • Bills of Interest in the States

2019: March 11

  • House Infrastructure Hearings Continue
  • Idaho Pursues Replacing License Bonds with a Recovery Trust
  • Campaign to Amend Pennsylvania's Little Miller Act Launches
  • Colorado Senate Bill Requires P3 Bonding

2019: March 4

  • SuretyFidelity PAC Hosts Events for Hill Sponsors
  • Senate Takes A Different Approach on Infrastructure
  • Two-For-One on Regulations in Idaho
  • Farewell to Rob Duke

2019: February 25

  • A New Wrinkle in Missouri Bonding Legislation
  • Ohio Targets Regulatory Restrictions with Metrics
  • States Increasingly Look to Gas Tax to Fund Infrastructure
  • Other State Actions This Week

2019: February 19

  • Senate Looks at Private Activity Bonds to Fund Infrastructure
  • Senate Committee Conducts Hearing on Transportation Infrastructure Funding
  • Army Corp to Implement P3 Pilot Program
  • Florida Governor Takes Aim at Local Occupational Licenses
  • SFAA Leads Claims Seminar for Veteran Affairs Department

2019: February 11

  • A "Big Pot of Money" is Needed for Infrastructure
  • Pa. Includes Favorable Changes to Little Miller Act; Raises Bond Threshold
  • SFAA Working Group Seeks Amendments to State Review of Licensing
  • Kentucky Banks to Provide $125 Million to Fund P3s

2019: February 4

  • Indiana P3 Bonding Bill to be Heard by House Committees
  • House Committee to Start Infrastructure Funding Debate
  • Another Virginia University Opts for $1 Million Bond Threshold
  • State Laws to Limit Retainage on the Rise

2019: January 28

  • SFAA's Miller Act Exemption Bill Introduced in Congress
  • Surety Industry Pushes for 100% Bonding on P3s in Indiana
  • SFAA Objects to Changes to Fidelity Bonds for Credit Unions
  • Direct Action on Public Official Bonds Defeated in New Hampshire
  • 2019 Data Call for Statistics and Financial Statements

2019: January 22

  • Congress Likely To Use Two Bills for Infrastructure
  • New York Budget Allows Alternatives to Bonding
  • Idaho Governor Mandates Occupational Licensing Review
  • North Dakota Considers a $250,000 Bond Threshold
  • Hawaii Wants Stricter Rules for Captives Writing Surety

2019: January 15

  • Slow Start for Congress; Infrastructure to Remain Under Tax Policy Subcommittee
  • State Bond Thresholds in Play
  • Companion Bills Ready to Go in Missouri to Ensure Bonding
  • Ohio, South Carolina and Virginia Review Occupational Licensing
  • Commercial Surety Developments
  • National Mentoring Month Spotlight: Liberty Mutual

2019: January 7 

  • SFAA's Top Two Surety Issues in the New Congress
  • Indiana Bill Would Update Bonding Requirements for P3 Projects
  • Governors Appoint New Insurance Commissioners
  • SFAA Welcomes Bill Heinbokel as Director of Fidelity and Regulatory Compliance
  • 2017 Statistical Reports Available at

2018: December 17 

  • SFAA and AIA Have Legislation to Address Case Law on Bonding for Public Works Projects in Missouri Filed
  • SFAA Addresses Proposed Changes to Federal Broker and Freight Forwarder Bond Requirements
  • Incoming Chair of US House Budget Committee Proposes a $300 Billion Infrastructure Bill
  • Key Bills Affecting Surety Bonds in Ohio Legislature
  • Recent New Bonding Opportunities

2018: December 10 

  • SFAA Board Discusses Strategic Priorities for 2019 and Beyond
  • The Surety Industry Gives Lynn Schubert Best Wishes in her Retirement
  • Robert Duke Elevated to SVP Policy and General Counsel

2018: December 3 

  • Federal Regulatory Fall Agenda Released - Impacts Surety
  • SFAA and its Members Participate in Federal P3 Conference
  • Senate EPW Committee Starts FAST Act Discussion
  • Case Law Developments

2018: November 26 

  • SuretyFidelityPAC is Ready to Go
  • Key Surety Issues Still Under Consideration in Ohio
  • Can an Agreement be Reached in Congress on Infrastructure in 2019?
  • Impact of the State Midterm Elections on Surety Issues

2018: November 19 

  • SFAA Launches Surety & Fidelity Weekly
  • SFAA Increases Promotional and Advocacy Efforts
  • Midterm Election Results - It's Not Over
  • Insurance Commissioners Consider Two Issues that Impact Surety
  • Weekly Case Law Developments

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Phone: 202-463-0600 • Fax: 202-463-0606