Raises the federal limit on surety bonds guaranteed under the Small Business Investment Act from $6,500,000 to $18,000,000, with a temporary 33 percent reduction when the Small Business Administration requests supplemental funding.

• Raises the maximum guaranteed surety bond amount from $6,500,000 to $18,000,000.
• Reduces that limit by 33 percent in any fiscal year the Administrator formally requests supplemental funds, until the request is resolved or 12 months pass.
• Caps administrative costs paid from the revolving fund at 2 percent of the fund balance each fiscal year.
• Requires annual reports to Congress on bond volume, claims, and fund solvency, and directs the Government Accountability Office to review the agency's approval process.

• Small Business and Entrepreneurship Committee (Senate)

Commerce