Advocacy Priorities

The SFAA advocacy team is active on the local, state and federal levels to ensure the interests of the surety and fidelity industry and our stakeholders are effectively represented within the legislative process. Our strength is exhibited in our ability to speak with one united voice to promote the surety and fidelity industry when educating legislators, regulators, government officials, media, and other industry stakeholders on the value surety and fidelity bonds provide to our economy.

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Our Advocacy Priorities Include:

Maintaining Bonding Protections: Opposing bond threshold increases and waivers of legislatively-required bonding on public projects that protect workers, subcontractors, suppliers and taxpayers.

Bonding P3 Construction Projects: Requiring the same payment and performance bonding protections used in all other public construction projects utilizing public-private partnerships (P3).

Strong Regulatory & Financial Requirements: Ensuring the same strong regulatory and financial requirements for licensed insurance companies are also in place for independent sureties for the protection of the public.

Judicial Contract Adherence: Ensuring judicial awards are based solely on the agreed upon bond terms; for example, opposing Bad Faith claims and attorneys’ fees not expressly included in the bond terms.

Infrastructure Investment – Best Action for Congress to Take

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Advocacy & Policy

SFAA promotes the interests of
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and all of its stakeholders.

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News & Events

SFAA and NASBP Host Successful Legislative “Fly-In”

April 3, 2023

Garner Support for Surety Bonding Requirements on WIFIA and Broadband Infrastructure Projects April 3, 2023 (WASHINGTON,…

EY Report: Surety Bonding Provides Strong Economic Value and Strengthens Performance for Public and Private Construction Projects

November 17, 2022

A new study released today, The Economic Value of Surety Bonds, finds public and private construction projects protected by surety have lower rates of contractor default, lower cost of completion in the case of default, and are finished faster than non-bonded projects.

The Surety & Fidelity Association of America Foundation Awards 15 Students With $5,000 Scholarship

October 19, 2022

The Surety & Fidelity Association of America Foundation (SFAA Foundation) announced today the 15 students selected as recipients of a $5,000 scholarship as part of the Surety and Fidelity Intern and Scholarship Program for 2022.

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