HR 2266
114th Congress
House
Commerce
Government lending and loan guarantees
Small business
CREED Act of 2015
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 12, 2015
Referred to the House Committee on Small Business.
May 12, 2015
Introduced in House
Plain-English summary
Commercial Real Estate and Economic Development Act of 2015 or the CREED Act of 2015
Reinstates for a five-year period beginning after 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 that terminated such authority as of September 26, 2012. Restores and revives any provision of law struck by the provision, and any regulations promulgated pursuant to it as they were in effect on that date.
What's happening now
Referred to the House Committee on Small Business.
Committees of jurisdiction
1