SBA Surety Bond Guarantee Program

[摘要] This report examines the program's origin and development, including the decision to (1) supplement the original Prior Approval Program with the Preferred Surety Bond Guarantee Program that provides a lower guarantee rate (70%) than the Prior Approval Program (80% or 90%) in exchange for allowing preferred sureties to issue SBA-guaranteed surety bonds without the SBA's prior approval; and (2) increase the program's bond limit.

[发布日期] 2013-12-11 [发布机构] Library of Congress. Congressional Research Service.

[关键词] Surety and fidelity;Insurance;Liability (Law)