WASHINGTON–The Small Business Administration's bond guarantee program should be continued because it provides an essential bridge between small and emerging potential contractors and the bonding these companies require, a surety industry official testified before Congress yesterday.

Bill Peterson, vice president and public policy officer of CNA Surety Corporation, made his remarks in testimony before the U.S. House Committee on Small Business.

Representing CNA Surety, the Surety & Fidelity Association of America and the American Insurance Association, Mr. Peterson spoke to the committee as part of a continuing effort to win reauthorization by Congress of the Small Business Act.

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