HR 1240
113th Congress
House
Commerce
Government lending and loan guarantees
Small business
CREED Act of 2013
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 2013
Referred to the House Committee on Small Business.
Mar 18, 2013
Introduced in House
Plain-English summary
Commercial Real Estate and Economic Development Act of 2013 or CREED Act of 2013 - Reinstates for a five-year period beginning on the date of enactment of this Act the authority for Small Business Administration (SBA) low-interest refinancing of small business debt not involving business expansion under the SBA's local development business loan program.
Repeals a provision of the Small Business Jobs Act of 2010 which terminated such authority as of September 27, 2012.
States that no additional appropriations are authorized for the reinstated refinancing program.
What's happening now
Referred to the House Committee on Small Business.
Committees of jurisdiction
1