Increases Surety Bond Limits to $18 Million
Official: Expanding the Surety Bond Program Act of 2025
IntroducedJuly 9, 2025
Why This Matters
This bill expands the surety bond program by increasing the maximum bond amount available to small businesses and adjusting funding rules.
If you own a small business, you can now access surety bonds up to $18 million to help secure contracts.
Affects: This bill primarily affects small business owners seeking surety bonds to secure contracts.
What changes is this bill making?
1. The bill raises the maximum surety bond amount from $6.5 million to $18 million for small businesses. 2. It allows for a temporary reduction in the bond limit by 33% if additional funding is requested. 3. The Small Business Administration must report annually on the program's financial health and activities. 4. The bill includes provisions for managing administrative costs related to the surety bond program.
Who is affected?
This bill primarily affects small business owners seeking surety bonds to secure contracts.