Director, Office of Surety Guarantees

3245-AI06 202310 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3245 Small Business Administration SBA Regulatory Reform Initiative: Streamlining and Modernizing the Surety Bond Guarantee Program

The Office of Surety Guarantees (OSG) will publish a Notice of Proposed Rulemaking (NPRM) to receive comments from the public and surety industry regarding streamlining and modernizing the Surety Bond Guarantee Program. This proposed rule will reduce the file retainage and form submission burden of participating surety companies, correct conflicting provisions, as well as revise the obsolete preferred surety admissions requirements and the Quarterly Contract Completion Report.

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Proposed Rule Stage No No 13 CFR 115.11 13 CFR 115.30 13 CFR 115.33 13 CFR 115.19 13 CFR 115.60 13 CFR 115.65 13 CFR 115.32 13 CFR 115.22 15 U.S.C. 694(b) No NPRM 01/00/2024 Yes Businesses None No No Yes No Jermaine Perry Director, Office of Surety Guarantees 3245 Small Business Administration SBA 202 401-8275 jermaine.perry@sba.gov 409 3rd Street SW, Washington DC 20416