The Federal Bonding Program: A U.S. Department of Labor Initiative
In 1966 the U.S. Department of Labor established The Federal Bonding Program to provide Fidelity Bonds that guarantee honesty for "at-risk," hard-to-place job seekers. This program is a unique tool created to help job applicants in securing and maintaining employment. The bonds cover the first six months of employment and are a form of business insurance policy to protect the employer in the case of any loss of money or property due to employee dishonesty.
The bond is given to the employer free-of-charge, and serves as an incentive to the company to hire a job applicant that is an ex-offender or has some "risk" factors in their personal background. There is no cost to the job applicant or the employer for this program.