National Association of Surety Bond Producers (NASBP) and Surety & Fidelity Association of America (SFAA) have been advocating for use of performance and payment bonds when states and/or localities receive federal grant funds for construction of rural broadband infrastructure projects such as those that are part of President Biden’s infrastructure plan.
On March 25, NASBP and SFAA held their first-ever virtual joint legislative fly-in to enable surety professionals from across the country to educate members of Congress and staff about the value of construction surety bonds and advocate for their legislative priorities.
Click here to read information on key messages of the significant role surety bonds play in protections on construction projects for public entities including, protecting taxpayers’ dollars, ensuring project completion, protecting local small business contractors and workers, and promoting economic growth.