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
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
Plain-English summary
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
By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-266.
Committees of jurisdiction
1