SBA Surety Bond Guarantee Program.

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division.

Language:

English

Subjects (All):

United States. Small Business Administration.

United States.

Construction industry.

Public contracts.

Surety and fidelity insurance.

Physical Description:

1 online resource (1 online resource (32 pages)) : digital, PDF file

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2015.

System Details:

System requirements: PDF reader software.

text file

PDF

Summary:

Discusses legislative origin of the SBA surety bond guarantee (SBG) program, under which SBA provides partial reimbursement to surety companies for losses resulting from contract default by small construction firms covered by surety bonds that have been guaranteed under the SBG program. Summarizes major issues that have influenced program development, examines current program eligibility standards and requirements, and provides several performance statistics, including number and amount of bond guarantees issued annually. Reviews proposals to merge the prior approval program and the preferred surety bond guarantee program while retaining the flexible operating requirements of the preferred program.

This report is one in a series of updates. For the most recent coverage of this report series, please see 14-R4-2037b in the 2014 issue.

Notes:

CRS Report.

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed July 2015). Reuse except for individual research requires license from ProQuest, LLC.

Other Format:

Microfiche version: Library of Congress. Government Division. SBA Surety Bond Guarantee Program

Access Restriction:

Restricted for use by site license.