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15 U.S.C. § 636i

Small business bonding threshold

United States · Title 15 — COMMERCE AND TRADE · Status: effective

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15 U.S.C. § 636i, Small business bonding threshold, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/440487
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Except as provided in subsection (b), and notwithstanding any other provision of law, for any procurement related to a major disaster, the Administrator may, upon such terms and conditions as the Administrator may prescribe, guarantee and enter into commitments to guarantee any surety against loss resulting from a breach of the terms of a bid bond, payment bond, performance bond, or bonds ancillary thereto, by a principal on any total work order or contract amount at the time of bond execution that does not exceed $5,000,000. Upon request of the head of any Federal agency other than the Administration involved in reconstruction efforts in response to a major disaster, the Administrator may guarantee and enter into a commitment to guarantee any security against loss under subsection (a) on any total work order or contract amount at the time of bond execution that does not exceed $10,000,000. The Administrator may carry out this section only with amounts appropriated in advance specifically to carry out this section.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.