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.