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TREAS/FISCAL | RIN: 1530-AA20 | Publication ID: Spring 2024 |
Title: Amendment to Surety Bond Regulations | |
Abstract:
The Fiscal Service is amending its regulations governing surety companies doing business with the United States. When a federal law requires a person to post a bond through a surety, the person satisfies the requirement if the bond is underwritten by a company that is certified by Treasury to write federal bonds. Fiscal Service administers the regulations governing the issuance, renewal, and revocation of certificates of authority to surety companies to write or reinsure federal bonds. Fiscal Service proposes to amend its regulations governing how it values the assets and liabilities of sureties to keep pace with changes in regulation of the surety industry occurring at the state and international levels. |
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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 U.S.C. 301 31 U.S.C. 321 31 U.S.C. 9304 to 9308 |
Legal Deadline:
None |
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Timetable:
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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: Neal Wilson Attorney Department of the Treasury Bureau of the Fiscal Service 401 14th Street SW., Washington, DC 20227 Phone:202 874-6680 |