[Federal Register Volume 86, Number 226 (Monday, November 29, 2021)]
[Notices]
[Pages 67788-67789]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-25892]


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DEPARTMENT OF THE TREASURY

Bureau of the Fiscal Service


Application and Renewal Fees Imposed on Surety Companies and 
Reinsuring Companies; Increase in Fees Imposed

AGENCY: Bureau of the Fiscal Service, Treasury.

ACTION: Notice of fees imposed on surety companies and reinsuring 
companies.

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SUMMARY: The Department of the Treasury, Bureau of the Fiscal Service, 
is increasing the fees it imposes on and collects from surety companies 
and reinsuring companies, effective January 1, 2022.

FOR FURTHER INFORMATION CONTACT: Melvin Saunders, at (304) 480-5108 or 
[email protected]; or Bobbi McDonald, at (304) 480-
7098 or [email protected].

SUPPLEMENTARY INFORMATION: The Independent Offices Appropriations Act 
of 1952 (IOAA), codified at 31 U.S.C. 9701, authorizes Federal agencies 
to establish fees for a service or thing of

[[Page 67789]]

value provided by the agency to members of the public. Office of 
Management and Budget Circular A-25 allows agencies to impose user fees 
for services that confer a special benefit to identifiable recipients 
beyond those accruing to the general public. Pursuant to 31 CFR 223.22, 
Treasury imposes fees on surety companies and reinsuring companies 
seeking to obtain or renew certification or recognition from Treasury. 
The fees imposed and collected cover the costs incurred by the 
Government for services performed reviewing, analyzing, and evaluating 
the companies' applications, financial statements, and other 
information. Treasury determines the amount of fees in accordance with 
the IOAA and the Office of Management and Budget Circular A-25, as 
amended. The change in fees is the result of a thorough analysis of 
costs associated with the corporate federal surety bond program.
    The new fee rate schedule is as follows:
    (1) Examination of a company's application for a Certificate of 
Authority as an acceptable surety or as an acceptable reinsuring 
company on Federal bonds: $10,300.
    (2) Determination of a company's continued qualification for annual 
renewal of its Certificate of Authority: $6,000.
    (3) Examination of a company's application for recognition as an 
Admitted Reinsurer: $3,700.
    (4) Determination of a company's continued qualification for annual 
renewal of its authority as an Admitted Reinsurer: $2,600.
    Questions concerning this notice should be directed to the Surety 
Bond Branch, Special Assets and Liabilities Division, Bureau of the 
Fiscal Service, 200 Third Street, Rm. 1010, Parkersburg, WV 26101, 
Telephone (304) 480-6635.

Timothy E. Gribben,
Commissioner, Bureau of the Fiscal Service.
[FR Doc. 2021-25892 Filed 11-26-21; 8:45 am]
BILLING CODE 4810-AS-P