Expanding the Surety Bond Program Act

This Act may be cited as the Expanding the Surety Bond Program Act .

Part B of title IV of the Small Business Investment Act of 1958 ( 15 U.S.C. 694a et seq. ) is amended— (1) in section 411 ( 15 U.S.C. 694b )— (A) in subsection (a)(1)— (i) in subparagraph (A), by striking $6,500,000 and inserting $10,000,000 ; (ii) by amending subparagraph (B) to read as follows: (B) The Administrator may guarantee a surety under subparagraph (A) for a total work order or contract in an amount that does not exceed $20,000,000. ; and (iii) in subsection (e)(2), by striking $6,500,000 and inserting the amount described in subparagraph (A) or (B) of subsection (a)(1), as applicable ; and (2) in section 412(a) ( 15 U.S.C. 694c(a) ), in the third sentence, by striking , excluding administrative expenses, .