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H.R. 6348 · 115th Congress

Small Business ACE Act

Law · 115-371 · Dec 21, 2018
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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Became law without a recorded vote. It passed by voice vote or unanimous consent, which don't record how each member voted.

1 cosponsor · 1 D

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

  1. House Introduced Jul 12, 2018
  2. House Passed Sep 25, 2018
  3. Senate Passed Dec 19, 2018
  4. President To the President Dec 21, 2018
  5. President Signed Dec 21, 2018
  6. Law Dec 21, 2018

Small Business Access to Capital and Efficiency Act or the Small Business ACE Act

What it does: CRS summary · Public Law · Dec 21, 2018

Small Business Access to Capital and Efficiency Act or the Small Business ACE Act

(Sec. 2) 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.)

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Small Business ACE Act

Also known as: Small Business Access to Capital and Efficiency Act

Latest action (Dec 21, 2018): Became Public Law No: 115-371.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Jul 12, 2018

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

  1. House Introduced Jul 12, 2018
  2. House Passed Sep 25, 2018
  3. Senate Passed Dec 19, 2018
  4. President To the President Dec 21, 2018
  5. President Signed Dec 21, 2018
  6. Law Dec 21, 2018

No recorded floor vote found.