CREED Act of 2015
Latest action · May 26, 2016 By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-266.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 15, 2015
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 8
Members who signed on, in the order they did. Signatures ran from Apr 15, 2015 to Nov 5, 2015; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-GA | Johnny Isakson | Original | Apr 15, 2015 |
| D-WA | Maria Cantwell | Apr 21, 2015 | |
| R-NE | Deb Fischer | Apr 22, 2015 | |
| R-NH | Kelly Ayotte | Apr 22, 2015 | |
| D-DE | Christopher A. Coons | Apr 23, 2015 | |
| D-HI | Mazie K. Hirono | Apr 23, 2015 | |
| D-MN | Al Franken | Jun 2, 2015 | |
| D-PA | Robert P. Casey Jr. | Nov 5, 2015 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Small Business and Entrepreneurship Committee | Referred Apr 15, 2015Markup Apr 23, 2015Reported Jun 10, 2015 |
Actions 6
Everything that happened, newest first.
- May 26, 2016By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-266.
- Jun 10, 2015Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with an amendment in the nature of a substitute. Without written report.
- Jun 10, 2015Placed on Senate Legislative Calendar under General Orders. Calendar No. 107.
- Apr 23, 2015Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.
- Apr 15, 2015Introduced in Senate
- Apr 15, 2015Read twice and referred to the Committee on Small Business and Entrepreneurship.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Debate and remarks S7796–S7798, S7798–S7800 | Debbie Stabenow D-MI, Jeanne Shaheen D-NH, Patrick J. Toomey R-PA, Ron Wyden D-OR | Nov 5, 2015 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Jun 4, 2015S. 966, Commercial Real Estate and Economic Development Act of 2015As ordered reported by the Senate Committee on Small Business and Entrepreneurship on April 23, 2015
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 2266 | CREED Act of 2015 | Related bill | May 12, 2015 |
Titles 5
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to extend the low-interest refinancing provisions under the Local Development Business Loan Program of the Small Business Administration.
- Short Titles as Introduced
- CREED Act of 2015
- Commercial Real Estate and Economic Development Act of 2015
- Short Titles as Reported to Senate
- CREED Act of 2015
- Commercial Real Estate and Economic Development Act of 2015
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 2
Each version as it was printed, newest first.
- Jun 10, 2015Reported to Senate
- Apr 15, 2015Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
