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TREAS/FMS RIN: 1510-AB27 Publication ID: Spring 2014 
Title: Surety Companies Doing Business With the United States 
Abstract: The Department of the Treasury (Treasury), Bureau of the Fiscal Service (Fiscal Service), 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 www.fms.treas.gov/c570. 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. Fiscal Service 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. Fiscal Service also proposed to strengthen the procedures and standards governing the adjudication by Fiscal Service 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
Timetable:
Action Date FR Cite
NPRM  03/17/2011  76 FR 14592 
NPRM Comment Period End  05/16/2011   
Final Action  11/00/2014   
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:
Rose M. Miller
Surety Bond Branch Manager
Department of the Treasury
Financial Management Service
3700 East-West Highway,
Hyattsville, MD 20782
Phone:202 874-6850
Fax:202 874-9978
Email: rose.miller@fms.treas.gov

James Regan
Senior Attorney
Department of the Treasury
Financial Management Service
401 14th Street SW.,
Washington, DC 20227
Phone:202 874-6954
Email: james.regan@fms.treas.gov

 
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