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    <abstract>The Department of the Treasury, Bureau of the Fiscal Service (Treasury) administers the Federal corporate surety program. Treasury issues certificates of authority to qualified sureties to underwrite and reinsure Federal bond obligations. Bonds underwritten by Treasury- certified sureties satisfy bonding requirements, provided such bonds are accepted by the agency bond-approving official. Treasury is amending its regulation to expressly provide that an agency may decline to accept a bond underwritten by a Treasury-certified surety for cause, provided the agency satisfies the requirements specified in the final rule. Treasury is also revising the procedures it uses to adjudicate any complaint received from an agency requesting that a surety's certificate of authority be revoked.</abstract>
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        <topic>Administrative Practice and Procedure</topic>
        <topic>Surety Bonds</topic>
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        <summary>The Department of the Treasury, Bureau of the Fiscal Service (Treasury) administers the Federal corporate surety program. Treasury issues certificates of authority to qualified sureties to underwrite and reinsure Federal bond obligations. Bonds underwritten by Treasury- certified sureties satisfy bonding requirements, provided such bonds are accepted by the agency bond-approving official. Treasury is amending its regulation to expressly provide that an agency may decline to accept a bond underwritten by a Treasury-certified surety for cause, provided the agency satisfies the requirements specified in the final rule. Treasury is also revising the procedures it uses to adjudicate any complaint received from an agency requesting that a surety's certificate of authority be revoked.</summary>
        <dates>This rule is effective December 15, 2014.</dates>
        <contact>Melvin Saunders, Manager, Surety Bond Branch, Bureau of the Fiscal Service, at (202) 874-6850 or melvin.saunders@fiscal.treasury.gov, or James J. Regan, Senior Counsel, Bureau of the Fiscal Service, at (202) 874-6680 or james.regan@fiscal.treasury.gov.</contact>
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            <subject>Administrative Practice and Procedure</subject>
                                    
            <subject>Surety Bonds</subject>
                                
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        <tocDoc>Surety Companies Doing Business With the United States
, </tocDoc>
        <emailRef>james.regan@fiscal.treasury.gov</emailRef>
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            <partNumber>Vol. 79, no. 200</partNumber>
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