S. 2232 · Passed Senate · Commerce

Expanding the Surety Bond Program Act of 2025

Sponsor: Edward J. Markey (D-MA)

What it does

• Increases the maximum surety bond guarantee limit from $6,500,000 to $18,000,000 under section 411 of the Small Business Investment Act of 1958.
• Reduces the maximum bond limit by 33 percent if the SBA Administrator requests supplemental funding, with the reduction lasting until funds are provided or the Administrator certifies fee collection can sustain the revolving fund.
• Authorizes the SBA to obligate up to 2 percent of the Surety Bond Program revolving fund annually for administrative costs including information technology, outreach, and relevant contracts.
• Requires the SBA Administrator to submit annual reports to Congress within 90 days of each fiscal year detailing bond guarantees issued, claims paid, revolving fund solvency, and administrative expenses.
• Directs the Government Accountability Office to submit a report within 270 days of enactment analyzing SBA approval processes for the Surety Bond Program and recommending efficiency improvements.

Latest action

May 4, 2026: Held at the desk.

Committee: Senate Small Business and Entrepreneurship