Allows small businesses to get government-backed guarantees for much larger contracts
This bill would let small businesses get government-backed guarantees for contracts up to $18 million, a significant increase from the current $6.5 million limit. It would help them bid on bigger projects. The bill also sets a cap on how much the Small Business Administration can spend on managing this program.
Today, the Small Business Administration can guarantee surety bonds for contracts up to $6.5 million, and there's no explicit percentage limit on its administrative spending for the program. If this bill becomes law, small businesses would be able to get guarantees for contracts up to $18 million, though this limit would temporarily drop to about $12.06 million if the SBA requests emergency funds. The SBA would also be limited to spending no more than 2 percent of the program's fund balance on administrative costs each year.
S 2232 · 119th Congress · July 9, 2025 · AI Summary by gemini-2.5-flash · 10/10
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