We show that Bounded Forcing Axioms (for instance, Martin's Axiom, the Bounded Proper Forcing Axiom, or the Bounded Martin's Maximum) are equivalent to principles of generic absoluteness, that is, they assert that if a $\Sigma_1$ sentence of the language of set theory with parameters of small transitive size is forceable, then it is true. We also show that Bounded Forcing Axioms imply a strong form of generic absoluteness for projective sentences, namely, if a $\Sigma^1_3$ sentence with parameters is forceable, then (...) it is true. Further, if for every real x, $x^{\sharp}$ exists, and the second uniform indiscernible is less than $\omega_2$ , then the same holds for $\Sigma^1_4$ sentences. (shrink)

We show that bounded forcing axioms are consistent with the existence of -gaps and thus do not imply the Open Coloring Axiom. They are also consistent with Jensen's combinatorial principles for L at the level ω2, and therefore with the existence of an ω2-Suslin tree. We also show that the axiom we call BMM3 implies 21=2, as well as a stationary reflection principle which has many of the consequences of Martin's Maximum for objects of size 2. Finally, we give an (...) example of a so-called boldface bounded forcing axiom implying 20=2. (shrink)