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.
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: Ensuring that all federally-financed public works projects, including those utilizing alternative delivery methods such as public-private partnership (P3), are required to provide payment and performance bonding protections.
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.
The Economic Value of Surety Bonds
Surety Protects
Learn how surety
bonds protect taxpayers,
save time,
reduce costs and
keep projects on track.
Surety Industry Advances Critical Federal Policy
SFAA and NASBO hosted their most successful Federal Legislative Fly-in to date, bringing a record number of surety professionals from across the country to Capitol Hill to engage lawmakers on the value of surety bonding.
The Surety & Fidelity Association of America Foundation Awards Record $90,000 in Scholarships
The SFAA Foundation a 501(c)(3) organization dedicated to expanding the pipeline of qualified applicants within the surety and fidelity industry, has awarded a record $90,000 in scholarships to thirty-one students through its Surety and Fidelity Intern and Scholarship Program.