House to Vote on new NDAA bill

By Lawrence E. LeClair posted 11-03-2015 01:16 PM

  

As you know, the NDAA conference report was vetoed by the President a few weeks ago. Included in the final conference report were two provisions of importance to the surety industry-one addressing individual sureties and the second that increases the guarantee to sureties who participate in the SBA Surety Bond Guarantee Program from 70% to 90%.

Please review the attached article, which indicates that the House will vote on a new version of the bill and the only change will be a $5 billion spending cut. All other policy provisions, which include our surety provisions, should remain intact.

http://thehill.com/policy/defense/258950-house-to-vote-on-new-defense-bill-wont-try-to-override-veto.

Please free to contact Larry LeClair with any questions.

  

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