Expanding the Surety Bond Program Act of 2025
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Summary
This bill expands the Small Business Administration's Surety Bond Program by increasing the maximum bond guarantee limit from $6.5 million to $18 million. It establishes a temporary 33 percent reduction in this limit if the SBA requests supplemental funding, lasting until funds are provided or the SBA certifies fee collections can sustain the program. The bill also caps administrative expenses at 2 percent of the annual fund balance and requires the SBA and Government Accountability Office to submit detailed annual reports on program performance and financial health.
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