Letter to SBA Supporting Reforms resulting from NDAA Enactment – 09/27/2013

On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association whose membership includes firms employing licensed surety bond producers placing bid, performance, and payment bonds throughout the United States and its territories, I am contacting you to provide comments on the proposed rule, identified by RIN: 3245-AG56, which conforms the significant reforms enacted in the National Defense Authorization Act (NDAA) for Fiscal Year 2013 and offers additional regulatory changes. As a whole, NASBP believes these regulatory changes will have a salutary effect on the SBA Surety Bond Guarantee Program (Program), which, in turn, likely will increase the opportunities of small and emerging contractors, which otherwise do not qualify for bonding in the standard market, to obtain bonding to pursue award of construction contracts.

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