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TREAS/FMS RIN: 1510-AB27 Publication ID: Fall 2013 
Title: Surety Companies Doing Business With the United States 
Abstract: The Department of the Treasury (Treasury), Financial Management Service (FMS), administers the Federal corporate surety program. Treasury issues certificates of authority to qualified sureties to underwrite and reinsure Federal bond obligations. Congress delegated to Treasury the discretion to issue a certificate if Treasury decides the surety's articles of incorporation authorize it to engage in the business of surety, the corporation has the requisite paid-up capital, cash, or equivalent assets, and the corporation is able to carry out its contracts. Treasury publishes the list of certified sureties in Department Circular 570, which is available online at Federal bond-approving officials consult and rely on this list whenever a corporate surety bond is presented to an agency because bonds underwritten by Treasury-certified sureties satisfy bonding requirements, provided such bonds are accepted by agency bond-approving officials. FMS has proposed to amend its regulation to clarify the circumstances when an agency bond-approving official can decline to accept a bond underwritten by a Treasury-certified surety. FMS also proposed to strengthen the procedures and standards governing the adjudication by FMS of any agency complaint requesting that a surety's certificate be revoked for nonperformance. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 31 CFR 223   
Legal Authority: 5 USC 301    31 USC 9304 to 9308   
Legal Deadline:  None
Action Date FR Cite
NPRM  03/17/2011  76 FR 14592   
NPRM Comment Period End  05/16/2011    
Final Action  11/00/2013 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Federal 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Melvin Saunders
Surety Bond Branch Manager
3700 East-West Highway,
Hyattsville, MD 20782
Phone:202 874-5283
Fax:202 874-9978

James Regan
Senior Attorney
401 14th Street SW.,
Washington, DC 20227
Phone:202 874-6954

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