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S 966 114th Congress Senate Commerce Government lending and loan guarantees Small business

CREED Act of 2015

Introduced: April 15, 2015 Introduced by: Shaheen, Jeanne Democratic · New Hampshire See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 26, 2016
By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-266.
Jun 10, 2015
Placed on Senate Legislative Calendar under General Orders. Calendar No. 107.
Jun 10, 2015
Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with an amendment in the nature of a substitute. Without written report.
Apr 23, 2015
Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
Apr 15, 2015
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Apr 15, 2015
Introduced in Senate
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 Plain-English summary Congressional Research Service

Commercial Real Estate and Economic Development Act of 2015 or the CREED Act of 2015

(Sec. 2) Reinstates 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, effective:

  • on and after enactment of this Act, and
  • during any fiscal year in which the federal government's cost in making loan guarantees under such program is zero.

Repeals a provision of the Small Business Jobs Act of 2010 that terminated such authority as of September 27, 2012.

What's happening now May 26, 2016

By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-266.

 Related & companion bills 1
  • HR 2266 Related bill CREED Act of 2015
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 3 Republican 1
D
Coons, Christopher A.
Delaware · Apr 23, 2015
 D
Hirono, Mazie K.
Hawaii · Apr 23, 2015
 R
Fischer, Deb
Nebraska · Apr 22, 2015
 D
Cantwell, Maria
Washington · Apr 21, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 966: CREED Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-S-966/
MLA
"S. 966: CREED Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-966/.
Bluebook (legal)
S. 966, 114th Cong. (2026), https://openamerica.io/bill/114-S-966/.
Markdown link
[S. 966: CREED Act of 2015](https://openamerica.io/bill/114-S-966/)
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