Small Business ACE Act

Bill: 115-hr-6348
Sponsor: Rep. Curtis, John R. [R-UT-3]
Introduced: 2018-07-12 in the House
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation
Government lending and loan guarantees
Real estate business
Small business

Summary:
action_date: 2018-07-12
text: 

Small Business Access to Capital and Efficiency Act or the Small Business ACE Act 

 
This bill amends the Small Business Investment Act of 1958 to revise the loan amount above which a real estate appraisal is required for the commercial real property securing a Certified Development Company loan. Specifically, the bill ties the amount to the federal banking regulator appraisal threshold. (Currently, an appraisal is required for a loan of more than $250,000.) 

action_date: 2018-09-12
text: 

Small Business Access to Capital and Efficiency Act or the Small Business ACE Act 

 
This bill amends the Small Business Investment Act of 1958 to revise the loan amount above which a real estate appraisal is required for the commercial real property securing a Certified Development Company loan. Specifically, the bill ties the amount to the federal banking regulator appraisal threshold. (Currently, an appraisal is required for a loan of more than $250,000.) 

action_date: 2018-09-25
text: 

Small Business Access to Capital and Efficiency Act or the Small Business ACE Act 

 
(Sec. 2) This bill amends the Small Business Investment Act of 1958 to revise the loan amount above which a real estate appraisal is required for the commercial real property securing a Certified Development Company loan. Specifically, the bill ties the amount to the federal banking regulator appraisal threshold. (Currently, an appraisal is required for a loan of more than $250,000.) 

action_date: 2018-12-21
text: 

Small Business Access to Capital and Efficiency Act or the Small Business ACE Act 

 
(Sec. 2) This bill amends the Small Business Investment Act of 1958 to revise the loan amount above which a real estate appraisal is required for the commercial real property securing a Certified Development Company loan. Specifically, the bill ties the amount to the federal banking regulator appraisal threshold. (Currently, an appraisal is required for a loan of more than $250,000.) 


Legislative actions:
action_date: 2018-12-21
text: Became Public Law No: 115-371.
action_date: 2018-12-21
text: Became Public Law No: 115-371.
action_date: 2018-12-21
text: Signed by President.
action_date: 2018-12-21
text: Signed by President.
action_date: 2018-12-21
text: Presented to President.
action_date: 2018-12-21
text: Presented to President.
action_date: 2018-12-20
text: Message on Senate action sent to the House.
action_date: 2018-12-19
text: Passed Senate without amendment by Voice Vote.
action_date: 2018-12-19
text: Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
action_date: 2018-12-19
text: Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent. (consideration: S7896-7897)
action_date: 2018-12-19
text: Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.(consideration: S7896-7897)
action_date: 2018-09-26
text: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
action_date: 2018-09-25
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2018-09-25
text: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8802)
action_date: 2018-09-25
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8802)
action_date: 2018-09-25
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 6348.
action_date: 2018-09-25
text: Considered under suspension of the rules. (consideration: CR H8802-8803)
action_date: 2018-09-25
text: Mr. Chabot moved to suspend the rules and pass the bill.
action_date: 2018-09-12
text: Placed on the Union Calendar, Calendar No. 732.
action_date: 2018-09-12
text: Reported by the Committee on Small Business. H. Rept. 115-941.
action_date: 2018-09-12
text: Reported by the Committee on Small Business. H. Rept. 115-941.
action_date: 2018-07-18
text: Ordered to be Reported.
action_date: 2018-07-18
text: Committee Consideration and Mark-up Session Held.
action_date: 2018-07-12
text: Referred to the House Committee on Small Business.
action_date: 2018-07-12
text: Sponsor introductory remarks on measure. (CR H6118-6119)
action_date: 2018-07-12
text: Introduced in House
action_date: 2018-07-12
text: Introduced in House

Enacted as: number: 115-371