Regulation Puts Businesses and Taxpayer Money at Risk
September 2, 2020
The Surety and Fidelity Association of America (SFAA) recently issued a comment letter stating their strong opposition to the Federal Acquisition Regulation (FAR) that proposes an increase of the threshold for construction payment bonds. SFAA, along with various other organizations will continue to strongly advocate against these changes.
“SFAA will continue to strongly oppose any categorization of these payment bonds and performance bonds as ‘acquisition-related threshold’ goods or services,” said SFAA Vice President of Policy & General Counsel Julie Alleyne. “Doing so is not consistent with the original Congressional intent and will unnecessarily put businesses and taxpayer money at risk.”
To read more about these comments and read SFAA’s comment letter, see their press release here.