S. 3553 · 115th Congress
Small Business ACE Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
RischSponsorNo cosponsors.
Small Business Access to Capital and Efficiency Act or the Small Business ACE Act
What it does: CRS summary · Reported to Senate without amendment · Oct 11, 2018
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.)
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 19, 2018): By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-438.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Oct 5, 2018
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.