The record

LegislationLegislation· May 2026
S 2232 Passed Senate — in House

Sponsored by Edward J. Markey (D)

Expanding the Surety Bond Program Act of 2025

Raises the annual spending cap for small-business surety bonds from $6.5 million to $18 million.

Tradeoff

Expands the federal surety bond guarantee program to help small contractors get bonded. Requires the SBA to report annually on program finances and activity to Congress.

What's in it

See official bill text

Costs less than $500,000 over the 2026–2031 period.

The $500K or less is just the federal cost to administer expanded bond guarantees and add reporting requirements — the policy's real impact is on small businesses gaining access to larger contract surety bonds through the SBA program.

S. 2232, Expanding the Surety Bond Program Act of 2025 · Jul 2026

Passed the Senate by on April 29, 2026 — sitting in the House.

  1. Senate

    Introduced

    (Jul 9, 2025)

  2. Senate

    Committee on Small Business and Entrepreneurship(Jul 9, 2025)

  3. Senate

    The Committee on Small Business and Entrepreneurship voted to send it to the floor

    Reported(Jul 16, 2025)

  4. Senate

    Passage of the bill

    Passed by (Apr 29, 2026)

    No individual votes were recorded.

  5. House

    Received from the Senate

    Received(May 4, 2026)