The National Association of Surety Bond Producers (NASBP)1and The Surety & Fidelity Association of America (SFAA)2 appreciate the opportunity to submit our comments concerning the Financial Assurance for Oil and Gas Operators as it pertains to surety bond requirements. Our specific concerns will address the proposed definition of surety bond, the expanded liability placed on sureties, and the resulting financial impact on medium and small size operators.
Topic
Accounting, Finance and Tax, Advocacy, Energy Bonding
Publish Date
July 29, 2021
Region
Colorado, States
Audience
CPAs, Owners
Resource Type
Comment Letter, Resource Map
Supporters Request H.R. 1285, the Water Infrastructure Subcontractor & Taxpayer Protection Act, Receive Markup Which Is Pending Before the Transportation & Infrastructure Committee