bookmark_borderFederal Agency Withdraws Hard Rock Mining Rule

Federal Agency Withdraws Hard Rock Mining Rule 

The U.S. Environmental Protection Agency (EPA) will not adopt final regulations for its proposed financial responsibility requirements for hard rock mining operations for metals and non-metallic fuel minerals that SFAA opposed. Surety bonds would have been accepted to meet the requirement and SFAA noted that the bond requirement could have been duplicative of existing state and federal reclamation bonding requirements. We also opposed provisions that would have permitted direct actions on the bond. Other stakeholders also noted the potential for duplicative financial responsibility requirements and the potential problems with the direct action provisions. The EPA agreed with these concerns and will not move forward with its proposal.


bookmark_borderThis Week in Surety & Fidelity Legislation

The Weekly Legislation Report posted has been posted.  SFAA has replaced the monthly overview reports with the weekly
legislative update on Surety & Fidelity legislation.  Reports are
available for Members on the Weekly Legislative Reports page.

Members may sign up to receive email notifications by subscribing to the “Legislative-Regulatory Alert” group.


bookmark_borderSFAA Bill to Address Missouri Case Law on Bonding Public Works Projects Passed out of Committee

SFAA Bill to Address Missouri Case Law on Bonding Public Works Projects Passed out of Committee 

Missouri HB 2453 would amend the existing procurement law to clarify that bonds are required when a construction manager agency is used. The bill has passed out of committee in the House.

Members should visit Government Relations / General Info (Members) for more information.