NASBP’s comment letter in support of regulatory implementation to remove the Miller Act from periodic inflation adjustments included in the NDAA FY 2022 – 09/30/2022

On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association of firms employing professional surety bond producers licensed and conducting business throughout the United States and its territories, I am contacting you in support of regulatory implementation of Section 861 of the National Defense Authorization Act (NDAA) for Fiscal Year 2022, which removes the Miller Act (40 U.S.C. §§3131-3134) from periodic inflation adjustments as required by 41 U.S.C. §1908. By including Section 861 in the annual defense spending bill, Congress identified additional exceptions for exclusion from periodic inflationary adjustments as set forth by §1908.

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