This script search US Code. View Rule
Menu Item - Home
Menu Item - Agenda Main page
Menu Item - Historical Agenda
Menu Item - Historical Agenda
Menu Item - Agenda Search
Menu Item - EO Dashboard
Menu Item - Reg Review
Menu Item - EO Agency lists
Menu Item - EO Search
Menu Item - EO Historical Reports
Menu Item - Review Counts
Menu Item - OIRA Letters
Menu Item - EOM 12866 Search
Menu Item - EO XML Reports
Menu Item - ICR Dashboard page
Menu Item - ICR Main page
Menu Item - ICR Search
Menu Item - ICR XML Reports
Menu Item - FAQ
Menu Item - Additional Resources
Menu Item - Contact Us
Search: Agenda Reg Review ICR

View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML

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 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
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:
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

About Us   Vertical Spacer Spacer Related Resources   Vertical Spacer Spacer Disclosure   Vertical Spacer Spacer Accessibility   Vertical Spacer Spacer Privacy Policy   Vertical Spacer Spacer Contact Us