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Expanded Support for Small Businesses: Surety Bond Program Boost

This act increases the maximum guarantee amount for small businesses seeking contracts, making it easier for them to secure larger projects. It also introduces new rules for program management funds and enhances transparency through mandatory reports on its operations.
Key points
Increased surety bond guarantee limit for small businesses from $6.5 million to $18 million, enabling them to pursue larger contracts.
Introduction of a temporary reduction mechanism for the guarantee limit if the agency requests supplemental funds, ensuring financial stability.
Limiting administrative expenses of the program to 2% of the fund, promoting more efficient use of resources.
Mandatory regular reporting on the program's status and finances, increasing transparency and public oversight.
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Previous:
Placed on Calendar
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Status:
Passed Senate
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Additional Information
Expanding the Surety Bond Program Act of 2025
Print number: S 2232
Sponsor: Sen. Markey, Edward J. [D-MA]
Process start date: 2025-07-09
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Expanded Support for Small Businesses: Surety Bond Program Boost

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is S 2232.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-07-09.

What are the main provisions?

Key points include:

  • Increased surety bond guarantee limit for small businesses from $6.5 million to $18 million, enabling them to pursue larger contracts.
  • Introduction of a temporary reduction mechanism for the guarantee limit if the agency requests supplemental funds, ensuring financial stability.
  • Limiting administrative expenses of the program to 2% of the fund, promoting more efficient use of resources.
  • Mandatory regular reporting on the program's status and finances, increasing transparency and public oversight.

What is the specific legal status?

The current status is Passed Senate.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Markey, Edward J. [D-MA].

What is the latest detailed status?

The latest detailed status is: Passed Senate with an amendment by Unanimous Consent. (consideration: CR S2108-2109; text of amendment in the nature of a substitute: CR S2108-2109)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

Analysis and Potential Impact of S 2232

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy