On behalf of the National Association of Surety Bond Producers (NASBP), a national trade organization of agencies employing professional surety bond producers, who specialize in surety bonding, including issuing bid, performance, and payment bonds for federal, state, and private construction projects and other commercial purposes, I am contacting you to express NASBP’s concerns with the Proposed Rule by the U.S. Department of Homeland Security (DHS) concerning immigration surety bonds. NASBP’s specific concerns are, first, DHS would have the ability to reject new bonds from a surety certified by the U.S. Department of the Treasury, The Bureau of Fiscal Service (Treasury) to issue federal bonds (Treasury Listed). NASBP’s second concern is that the administrative remedies set forth in the Proposed Rule remove adequate due process protection for sureties.
Join Us
Take the Next Step
Be among the numerous professionals who enjoy the many benefits of NASBP Membership.
NASBP Letter Addressing Locality Requirements in VA Bid Bond