IB 
Union Calendar No. 732 
115TH CONGRESS 
2D SESSION 
H. R. 6348 
[Report No. 115–941] 
To adjust the real estate appraisal thresholds under the section 504 program 
to bring them into line with the thresholds used by the Federal banking 
regulators, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 12, 2018 
Mr. CURTIS (for himself and Mr. EVANS) introduced the following bill; which 
was referred to the Committee on Small Business 
SEPTEMBER 12, 2018 
Committed to the Committee of the Whole House on the State of the Union 
and ordered to be printed 
VerDate Sep 11 2014 
02:26 Sep 13, 2018
Jkt 079200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6652
E:\BILLS\H6348.RH
H6348
pamtmann on DSKBFK8HB2PROD with BILLS
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Small Business Access 
to Capital and Efficiency Act’’ or the ‘‘Small Business 
ACE Act’’. 
SEC. 2. APPRAISAL THRESHOLDS. 
Section 502(3)(E)(ii) of the Small Business Invest-
ment Act of 1958 (15 U.S.C. 696(3)(E)(ii)) is amended— 
(1) by redesignating subclauses (I) and (II) as 
items (aa) and (bb), respectively, and adjusting the 
margins of such items accordingly; 
(2) by striking ‘‘With respect to’’ and inserting 
the following: 
‘‘(I) IN GENERAL.—With respect 
to’’; 
(3) in item (aa), as so redesignated, by striking 
‘‘is more than $250,000’’ and inserting ‘‘is more 
than the Federal banking regulator appraisal thresh-
old’’; 
(4) in item (bb), as so redesignated, by striking 
‘‘is $250,000 or less’’ and inserting ‘‘is equal to or 
less than the Federal banking regulator appraisal 
threshold’’; and 
(5) by adding at the end the following: 
VerDate Sep 11 2014 
02:26 Sep 13, 2018
Jkt 079200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H6348.RH
H6348
pamtmann on DSKBFK8HB2PROD with BILLS
‘‘(II) FEDERAL BANKING REGU-
LATOR
APPRAISAL
THRESHOLD
DE-
FINED.—For purposes of this clause, 
the term ‘Federal banking regulator 
appraisal threshold’ means the lesser 
of the threshold amounts set by the 
Board of Governors of the Federal 
Reserve System, the Comptroller of 
the Currency, and the Federal De-
posit Insurance Corporation for when 
a federally related transaction that is 
a commercial real estate transaction 
requires an appraisal prepared by a 
State licensed or certified appraiser.’’. 
VerDate Sep 11 2014 
02:26 Sep 13, 2018
Jkt 079200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H6348.RH
H6348
pamtmann on DSKBFK8HB2PROD with BILLS
VerDate Sep 11 2014 
02:26 Sep 13, 2018
Jkt 079200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6201
E:\BILLS\H6348.RH
H6348
pamtmann on DSKBFK8HB2PROD with BILLS
Union Calendar No. 732 
115TH CONGRESS 
2D SESSION 
H. R. 6348 
[Report No. 115–941] 
A BILL 
To adjust the real estate appraisal thresholds under 
the section 504 program to bring them into line 
with the thresholds used by the Federal banking 
regulators, and for other purposes. 
SEPTEMBER 12, 2018 
Committed to the Committee of the Whole House on the 
State of the Union and ordered to be printed 
VerDate Sep 11 2014 
02:26 Sep 13, 2018
Jkt 079200
PO 00000
Frm 00006
Fmt 6651
Sfmt 6651
E:\BILLS\H6348.RH
H6348
pamtmann on DSKBFK8HB2PROD with BILLS