FOR IMMEDIATE RELEASE
WASHINGTON, DC, January 15, 2021 – The Surety & Fidelity Association of America (SFAA) nonpartisan trade association representing all segments of the surety and fidelity industry is very encouraged about the incoming Biden Administration’s announcements prioritizing investments into critical infrastructure.
Lee Covington, President and CEO of SFAA issued the following statement:
“The more than 425 member companies of SFAA providing protections to workers, taxpayers and small businesses, are very encouraged by the incoming Biden Administration’s plans to address the economic impact of COVID-19. We commend President-elect Biden and his team for i ncluding additional funding for state and local relief, mass transit and public schools in the new COVID-19 relief proposal.
SFAA stands ready to work with Congress on a bipartisan basis to address the impacts of COVID-19 on the construction sector and the broader economy. Further, we look forward to working with the Administration on its forthcoming bold plan for significant infrastructure investment.”
Based in Washington, D.C., SFAA works to promote the value of surety and fidelity bonding by proactively advocating on behalf of our members, and the stakeholders they serve – both in state houses and on Capitol Hill. Government officials rely on SFAA as a source of accurate, data-driven information and insight on how proposed legislation or regulations will affect the surety and fidelity industry and the overall business community.
The Surety & Fidelity Association of America (SFAA) is a trade association of more than 425 insurance companies that write 98 percent of surety and fidelity bonds in the U.S. SFAA is licensed as a rating or advisory organization in all states and it has been designated by state insurance departments as a statistical agent for the reporting of fidelity and surety experience. www.surety.org
Contact: Peter Roth, Vice President – Strategic Communications, Marketing & Research