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Bill · 119th Congress · S 2232
Expanding the Surety Bond Program Act of 2025
Refreshed 4 h ago
Introduced 2025-07-09Topic: economy jobs · budget · governance ethicsSummary
AI-generated summary, report an errorThis bill changes the federal program in which the Small Business Administration (SBA) guarantees surety bonds for small business contractors. It raises the maximum bond amount the SBA can guarantee from $6.5 million to $18 million. In any year the SBA formally asks Congress for extra money for the program, that limit would drop by 33 percent for a set period. The bill lets the SBA use up to 2 percent of the program's revolving fund each year for administrative costs. It also requires a yearly SBA report to Congress on the program and its finances, plus a one-time Government Accountability Office report on how the SBA approves applicants.
Sponsors
- Edward J. Markey Democrat sponsor
- 0 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-05-04 | House | Held at the desk. | |
| 2026-05-04 | House | Received in the House. | |
| 2026-05-01 | Senate | Message on Senate action sent to the House. | |
| 2026-04-29 | Senate | Passed Senate with an amendment by Unanimous Consent. (consideration: CR S2108-2109; text of amendment in the nature of a substitute: CR S2108-2109) | |
| 2026-04-29 | Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent. | floor pass | |
| 2025-07-30 | Senate | Placed on Senate Legislative Calendar under General Orders. Calendar No. 135. | |
| 2025-07-30 | Senate | Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report. | refer |
| 2025-07-30 | Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report. | report | |
| 2025-07-16 | Senate | Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably. | refer |
| 2025-07-09 | Senate | Read twice and referred to the Committee on Small Business and Entrepreneurship. | refer |
| 2025-07-09 | Introduced in Senate | introduce |