Blockchain Registration Transaction Record

SFAA Applauds Introduction of Legislation to Modernize WIFIA

Surety & Fidelity Association of America (SFAA) commends Senators Mark Kelly and Kevin Cramer, as well as Representatives Mike Bost and Chris Pappas, for introducing the Water Infrastructure Subcontractor and Taxpayer Protection Act. This bipartisan legislation ensures payment and performance bonding on infrastructure projects receiving WIFIA assistance, safeguarding workers, subcontractors, suppliers, and taxpayers.

This news highlights the importance of ensuring payment and performance bonding on infrastructure projects to protect workers, subcontractors, suppliers, and taxpayers. It emphasizes the need for modernizing WIFIA to include these essential protections for all federally funded infrastructure projects, promoting economic growth and preserving taxpayer dollars.