Surety Companies Doing Business With the United States
other · Fiscal Service · Rule · Published 2024-06-10 · Effective 2024-08-09 · 89 FR 48827
Document
Document number
2024-12491
Federal Register citation
89 FR 48827
CFR reference
31 CFR 223
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Fiscal Service
Publication date
2024-06-10
Effective date
2024-08-09
Treasury docket
Docket No. FISCAL-2021-0006
Abstract
This final rule amends the regulations of the Department of the Treasury, Bureau of the Fiscal Service (Treasury), regarding the corporate Federal surety bond program (the program). Treasury is amending its regulations to allow for recognition of additional companies as reinsurers. Treasury is also amending its regulations to incorporate requirements, previously published in supplemental guidance documents, for surety companies to submit information that Treasury uses to perform financial analysis of these companies. Treasury is also reorganizing the existing regulations to modernize and improve their structure.