NASBP and SFAA Second Joint Virtual Legislative Fly-in Provides Nearly 80 Congressional Meetings

Fly-in statisticsOn May 25, NASBP and SFAA co-hosted their second Joint Virtual Legislative Fly-in where 40 Fly-in participants attended nearly 80 congressional meetings. See more Fly-in statistics here. While not as widely attended as the 2021 Virtual Legislative Fly-in, the 2022 Virtual Legislative Fly-in nevertheless created an opportunity for attendees to raise key policy issues important to the surety industry with their elected officials.

Prior to the 2022 Virtual Fly-in, attendees were briefed during a NASBP Virtual Seminar on the Fly-in Talking Points in order to prepare them to speak on the following four message points:
(1) emphasize the important protection surety bonds provide for public taxpayer funds and the downstream project parties;
(2) advocate for the inclusion of performance and payment bonds when loans and/or grant funds are financed via the Water Infrastructure Finance and Innovation Act (WIFIA). Such requirements now are required for projects financed by the Transportation Infrastructure Finance and Innovation Act (TIFIA);
(3) stress the importance of allowing small business internet service providers (ISP) to furnish performance bonds as an alternative to letters of credit (LOCs) for broadband auctions conducted by the Federal Communications Commission (FCC), the Rural Utilities Service (RUS), and the National Telecommunications and Information Administration (NTIA) to protect the government’s financial interest, to allow ISPs to retain their working capital, and to create greater competition and participation; and
(4) advocate for the inclusion of performance and payment bond requirements in connection with rural broadband grants funded by the Infrastructure Investment & Jobs Act (IIJA).

NASBP secured consultant, Advocacy Associates, to coordinate and schedule the May 25 Legislative Fly-in congressional virtual visits, as NASBP has for previous Fly-ins. Key data points compiled by Advocacy Associates included the following: 92% of requested meetings were confirmed; 5 meetings included members of Congress, 21 states (including DC) were represented; and attendees met with 38 Senate and 39 House offices. Read the joint press release.

Clockwise from top left: Peter Roth, Vice President of Strategic Communications and Marketing
and Research at The Surety and Fidelity Association of America; Larry LeClair, Director of
Government Relations at NASBP; Nathan Wonder,
Vice President, Surety at CAC Specialty;
Liam Vlaming and Madison Moskowitz, Legislative Assistants for U.S. Senator Ron Wyden (D-OR).

Zoom meeting with Senator Booker staff
Clockwise from top left: Lisa Post, Surety Director at BCH Insurance; Ken Chapman,
Executive Vice President at IAT Surety; Lee Covington, President & CEO of
The Surety and Fidelity Association of America; and Melissa Sanchez,
Legislative Assistant for U.S. Senator Cory Booker (D-NJ).

Save the Dates for Next Year’s In-person Legislative Fly-in: March 29 to 30

Save the DateBe sure to save the dates for the 2023 In-person Legislative Fly-in, March 29 to 30, 2023, which will be held at the Kimpton Hotel George in Washington, D.C.! The 2023 Legislative Fly-in will be in person—a perfect time to join your NASBP colleagues in the effort to educate federal legislators and government officials on Capitol Hill about the value of surety bonds. NASBP will furnish more details about the 2023 In-person Legislative Fly-in in upcoming months.