{"data":{"id":"us/31-cfr-223.18","jurisdiction":"us","citation":"31 CFR 223.18","heading":"Revocation.","body":"(a) Treasury may initiate a revocation proceeding against a Treasury-certified company in one of two ways:\n(1) Treasury, of its own accord, under § 223.19, may initiate revocation proceedings against the company when it has reason to believe that the company is not complying with 31 U.S.C. 9304-9308 and/or the regulations under this part; or\n(2) Treasury, under § 223.20, may initiate revocation proceedings against the company upon receipt of a complaint from an agency that the company has not paid or satisfied one or more administratively final bond obligations due the agency.\n(b) A revocation of a company's certificate of authority under § 223.19 or § 223.20 precludes the company from underwriting or reinsuring additional bonds for any agency, and therefore revokes the company's opportunity to have its bonds presented to any agency bond-approving official for acceptance.","path":["Title 31—Money and Finance: Treasury","Subtitle B—Regulations Relating to Money and Finance","CHAPTER II—FISCAL SERVICE, DEPARTMENT OF THE TREASURY","SUBCHAPTER A—BUREAU OF THE FISCAL SERVICE","PART 223—SURETY COMPANIES DOING BUSINESS WITH THE UNITED STATES"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-31.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:25Z","sha256":"aa4b51d70f30fde78f99ffbf527f437f5034ed0af8d8d6e827374ae890a2c73c","source_id":"us-cfr","stale":true,"prev":"us/31-cfr-223.17","next":"us/31-cfr-223.19"},"notice":"GroundRules: Original legal text. Not legal advice."}