S 3553
115th Congress
Senate
Finance and Financial Sector
Banking and financial institutions regulation
Government lending and loan guarantees
Real estate business
Small business
Small Business ACE 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. 115-438.
Oct 11, 2018
Placed on Senate Legislative Calendar under General Orders. Calendar No. 634.
Oct 11, 2018
Committee on Small Business and Entrepreneurship. Reported by Senator Risch without amendment and an amendment to the title. 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
Small Business Access to Capital and Efficiency Act or the Small Business ACE Act
This bill amends the Small Business Investment Act of 1958 to revise the loan amount above which a real estate appraisal is required for the commercial real property securing a Certified Development Company 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. 115-438.
Committees of jurisdiction
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