A bill to reinstate the increase in the surety bond guarantee limits for the Small Business Administration.
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Congressional Research Service
Official summary
Version 00 · Introduced in Senate · Sep 23, 2010
Amends the Small Business Investment Act of 1958 to make permanent the increase from $2 million to $5 million in the surety bond guaranty limit of the Small Business Administration (SBA).
Relieves the SBA from reimbursing the surety if: (1) the surety obtained such guarantee or agreement, or applied for such reimbursement, by fraud or material misrepresentation; (2) the total contract amount at the time of bond execution exceeds $5 million; (3) the surety has breached a material term or condition of such guarantee agreement; or (4) the surety has substantially violated regulations promulgated by the SBA.
Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.
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