S 3552
115th Congress
Senate
Finance and Financial Sector
Banking and financial institutions regulation
Housing finance and home ownership
Small business
7(a) Real Estate Appraisal Harmonization Act
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 19, 2018
By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-437.
Oct 11, 2018
Placed on Senate Legislative Calendar under General Orders. Calendar No. 632.
Oct 11, 2018
Committee on Small Business and Entrepreneurship. Reported by Senator Risch without amendment. Without written report.
Oct 11, 2018
Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
Oct 5, 2018
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Oct 5, 2018
Introduced in Senate
Plain-English summary
7(a) Real Estate Appraisal Harmonization Act
This bill amends the Small Business Act to revise the loan amount above which a real estate appraisal is required for a commercial real property securing a small business 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.)
What's happening now
By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-437.
Committees of jurisdiction
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