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SBA RIN: 3245-AI06 Publication ID: Spring 2025 
Title: Regulatory Reform Initiative: Streamlining and Modernizing the Surety Bond Guarantee Program 
Abstract:

The Office of Surety Guarantees (OSG) will publish a final rule streamlining and modernizing the Surety Bond Guarantee Program. This 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.

 
Agency: Small Business Administration(SBA)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
EO 14192 Designation: Deregulatory 
CFR Citation: 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   
Legal Authority: 15 U.S.C. 694(b)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  11/19/2024  89 FR 91284   
NPRM Comment Period End  01/21/2025 
Final Action  07/00/2025 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jermaine Perry
Director, Office of Surety Guarantees
Small Business Administration
409 3rd Street SW,
Washington, DC 20416
Phone:202 401-8275
Email: jermaine.perry@sba.gov