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S. 2232, the Expanding the Surety Bond Program Act of 2025, is a Senate bill that has been approved by the Committee on Small Business and Entrepreneurship and is eligible for a floor vote. The bill focuses on expanding the Surety Bond Program, which is administered by the Small Business Administration. Surety bonds are financial guarantees that help small businesses qualify for government and private contracts by assuring clients that work will be completed as promised. If enacted, this bill would likely make it easier or more affordable for small business owners to access bonding, potentially helping them compete for larger contracts they might otherwise be unable to pursue. The bill addresses government lending and loan guarantees as well as congressional oversight of these programs, suggesting it may include provisions for monitoring program effectiveness and ensuring proper use of federal resources.
AI-generated summary
Congress
119th Congress
Introduced
Jul 9, 2025
No CBO cost estimate has been published for this bill.
Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
Jul 16, 2025
Jul 16, 2025 · 18:30
On July 16, 2025, the Senate Committee on Small Business and Entrepreneurship held a business meeting to consider four pieces of legislation aimed at supporting small businesses. The bills examined were S.1555 (Made in America Manufacturing Finance Act), which increases loan limits for small manufacturers; S.1199 (SBA Fraud Enforcement Extension Act), which extends the statute of limitations for fraud prosecutions in pandemic relief programs; S.2232 (Expanding the Surety Bond Program Act), which increases contract limits for the SBA's surety bond guarantee program; and S.1703 (Rural Small Business Resilience Act), which requires the SBA to improve outreach and access to disaster assistance in rural areas. No witnesses testified at this business meeting, as it was a committee markup session rather than a hearing. The committee considered and advanced these bills for further Senate action. S.1555 would raise loan limits for small manufacturers under the Small Business Act from $3.75 million to $7.5 million for certain loans and from $4.5 million to $9 million for others, while also increasing limits under the Small Business Investment Act from $5.5 million to $10 million. S.1199 would extend the statute of limitations from five to ten years for fraud prosecutions related to pandemic relief programs including the Paycheck Protection Program, Economic Injury Disaster Loans, and Restaurant Revitalization Fund. S.2232 would increase the surety bond program contract limit to $20 million. S.1703 would require the SBA to conduct targeted outreach and provide marketing materials to rural communities affected by disasters. The committee's approval of these bills does not guarantee their passage in the full Senate. Each bill must still be debated and voted on by the entire chamber before advancing further in the legislative process.
Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.
Jul 30, 2025
Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.
Jul 30, 2025
Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
Jul 16, 2025
Jul 16, 2025 · 18:30
On July 16, 2025, the Senate Committee on Small Business and Entrepreneurship held a business meeting to consider four pieces of legislation aimed at supporting small businesses. The bills examined were S.1555 (Made in America Manufacturing Finance Act), which increases loan limits for small manufacturers; S.1199 (SBA Fraud Enforcement Extension Act), which extends the statute of limitations for fraud prosecutions in pandemic relief programs; S.2232 (Expanding the Surety Bond Program Act), which increases contract limits for the SBA's surety bond guarantee program; and S.1703 (Rural Small Business Resilience Act), which requires the SBA to improve outreach and access to disaster assistance in rural areas. No witnesses testified at this business meeting, as it was a committee markup session rather than a hearing. The committee considered and advanced these bills for further Senate action. S.1555 would raise loan limits for small manufacturers under the Small Business Act from $3.75 million to $7.5 million for certain loans and from $4.5 million to $9 million for others, while also increasing limits under the Small Business Investment Act from $5.5 million to $10 million. S.1199 would extend the statute of limitations from five to ten years for fraud prosecutions related to pandemic relief programs including the Paycheck Protection Program, Economic Injury Disaster Loans, and Restaurant Revitalization Fund. S.2232 would increase the surety bond program contract limit to $20 million. S.1703 would require the SBA to conduct targeted outreach and provide marketing materials to rural communities affected by disasters. The committee's approval of these bills does not guarantee their passage in the full Senate. Each bill must still be debated and voted on by the entire chamber before advancing further in the legislative process.
Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.
Jul 30, 2025
Committee on Small Business and Entrepreneurship. Reported by Senator Ernst with an amendment in the nature of a substitute. Without written report.
Jul 30, 2025
