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S. 2187

BillFederalSenateIn Committee
A bill to remove the sunset date for amendments to the Small Business Investment Act of 1958, and for other purposes.
About This Bill
Committee
Latest Action · March 12, 2012
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Congress
112th (2011–2013)
Introduced
March 12, 2012
Sponsor
Sen. Ben CardinD
Cosponsors (2)
1D 1R
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Summary

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Amends the Small Business Investment Act of 1958 to allow the Administrator of the Small Business Administration (SBA) to guarantee a surety against any loss resulting from the breach of a bid bond, payment bond, performance bond, or bonds ancillary thereto, by a principal on any work order or contract amount up to $5 million (under current law, up to $2 million). Requires the Administrator to reimburse such a surety unless the total contract exceeds such increased amount.

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