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 Unites on Capitol Hill to Advocate for Key Legislative Priorities
See Senators Capito, Carper and Van Hollen speak on the Senate floor about the importance of surety.
The Surety & Fidelity Association of America Foundation Awards 19 Students With $47,500 in Scholarships
SFAA Foundation announces 19 students selected as recipients of a $2,500 scholarship as part of the Surety and Fidelity Intern and Scholarship Program for 2023.