What does Preamble of Expanding the Surety Bond Program Act of 2025 do?

This bill expands the surety bond program under the Small Business Investment Act of 1958.

What does SHORT TITLE. of Expanding the Surety Bond Program Act of 2025 do?

This bill is formally titled the Expanding the Surety Bond Program Act of 2025.

What does EXPANSION OF THE SURETY BOND PROGRAM. of Expanding the Surety Bond Program Act of 2025 do?

This section amends Part B of title IV of the Small Business Investment Act of 1958. It increases the monetary limit under section 411(a)(1) from $6,500,000 to $18,000,000, subject to a potential 33% reduction if the Administrator requests supplemental funds. The reduction in the monetary limit is temporary, reverting to the original amount after a specified period or when certain conditions are met regarding fee collection. It modifies provisions related to the revolving fund, including limiting administrative expenses and establishing reporting requirements. The Administrator must notify Congress of the need for supplemental funding and provide a report annually detailing the Surety Bond Program's status, financial health, and activities. The Government Accountability Office (GAO) will submit a report on the SBA's applicant approval processes, including recommendations for improvement.

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Expanding the Surety Bond Program Act of 2025

Last updated: 5/4/2026 · Introduced: 7/9/2025

Author: Edward Markey (D-MA)

TL;DR (AI)

This bill raises the maximum surety bond amount available under the Small Business Investment Act from $6,500,000 to $18,000,000, with a potential temporary reduction.
The bill establishes reporting requirements for the Surety Bond Program's financial health and activities, and mandates notification to Congress regarding supplemental funding needs.
The Government Accountability Office will assess the Small Business Administration's applicant approval processes and provide recommendations for improvement.

119th Congresspassed senateOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

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