S. 2232, Expanding the Surety Bond Program Act of 2025 (119th Congress)
Summary
S. 2232 is a bill introduced in the Senate on July 9, 2025 by Mr. Markey and referred to the Committee on Small Business and Entrepreneurship. Its short title is the Expanding the Surety Bond Program Act of 2025. It amends Part B of title IV of the Small Business Investment Act of 1958 by striking $6,500,000 and inserting $20,000,000 in section 411, and by providing that the Administrator may guarantee a surety for a total work order or contract in an amount that does not exceed $20,000,000. It adds a provision in section 412 that not more than 5 percent of the amount in the fund on the first day of each fiscal year may be obligated that year to cover costs incurred by the Administration in managing and administering this part.
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“S. 2232, Expanding the Surety Bond Program Act of 2025 (119th Congress).”
Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/s-2232-dc8d6f4e5f/
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II
119TH CONGRESS
1ST SESSION
S. 2232
To expand the surety bond program under the Small Business Investment
Act of 1958, and for other purposes.
IN THE SENATE OF THE UNITED STATES
JULY 9, 2025
Mr. MARKEY introduced the following bill; which was read twice and referred
to the Committee on Small Business and Entrepreneurship
A BILL
To expand the surety bond program under the Small
Business Investment Act of 1958, and for other purposes.
1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘Expanding the Surety
5 Bond Program Act of 2025’’.
6 SEC. 2. EXPANSION OF THE SURETY BOND PROGRAM.
7 Part B of title IV of the Small Business Investment
8 Act of 1958 (15 U.S.C. 694a et seq.) is amended—
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9 (1) in section 411 (15 U.S.C. 694b)—
10 (A) in subsection (a)(1)—
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2
1 (i) in subparagraph (A), by striking
2 ‘‘$6,500,000’’ and inserting
3 ‘‘$20,000,000’’; and
4 (ii) by striking subparagraph (B) and
5 inserting the following:
6 ‘‘(B) The Administrator may guarantee a
7 surety under subparagraph (A) for a total work
8 order or contract in an amount that does not
9 exceed $20,000,000.’’; and
10 (B) in subsection (e)—
11 (i) in paragraph (1), by striking the
12 comma at the end and inserting a semi-
13 colon;
14 (ii) in paragraph (2), by striking
15 ‘‘$6,500,000,’’ and inserting ‘‘the amount
16 described in subparagraph (A) or (B) of
17 subsection (a)(1), as applicable;’’; and
18 (iii) in paragraph (3), by striking ‘‘,
19 or’’ and inserting ‘‘; or’’; and
20 (2) in section 412 (15 U.S.C. 694c)—
21 (A) in subsection (a), in the third sentence,
22 by striking ‘‘, excluding administrative ex-
23 penses,’’;
24 (B) by redesignating subsection (b) as sub-
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25 section (c); and
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1 (C) by inserting after subsection (a) the
2 following:
3 ‘‘(b) Not more than 5 percent of the amount in the
4 fund described in subsection (a) on the first day of each
5 fiscal year may be obligated during that fiscal year to
6 cover costs incurred by the Administration in connection
7 with the management and administration of this part, in-
8 cluding costs related to information technology and sys-
9 tems, personnel, outreach activities, and relevant con-
10 tracts.’’.
Æ
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