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SBA RIN: 3245-AI06 Publication ID: Fall 2023 
Title: ●Regulatory Reform Initiative: Streamlining and Modernizing the Surety Bond Guarantee Program 
Abstract:

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.

 
Agency: Small Business Administration(SBA)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
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  01/00/2024 
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: Yes 
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