7(a) Real Estate Appraisal Harmonization Act
Latest action · Dec 19, 2018 By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-437.
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.
- IntroducedOct 5, 2018
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.)
Cosponsors
Members who signed on, in the order they did.
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 Oct 5, 2018Markup Oct 11, 2018Reported Oct 11, 2018 |
Actions 6
Everything that happened, newest first.
- Dec 19, 2018By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-437.
- Oct 11, 2018Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
- Oct 11, 2018Committee on Small Business and Entrepreneurship. Reported by Senator Risch without amendment. Without written report.
- Oct 11, 2018Placed on Senate Legislative Calendar under General Orders. Calendar No. 632.
- Oct 5, 2018Introduced in Senate
- Oct 5, 2018Read twice and referred to the Committee on Small Business and Entrepreneurship.
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
- Oct 15, 2018S. 3552, 7(a) Real Estate Appraisal Harmonization ActAs reported by the Senate Committee on Small Business and Entrepreneurship on October 11, 2018
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 6347 | 7(a) Real Estate Appraisal Harmonization Act | Related bill | Dec 21, 2018 |
| HR 6348 | Small Business ACE Act | Related bill | Dec 21, 2018 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Small Business Act to adjust the real estate appraisal thresholds under the 7(a) program of the Small Business Administration to bring those thresholds into line with the thresholds used by the Federal banking regulators, and for other purposes.
- Short Titles as Introduced
- 7(a) Real Estate Appraisal Harmonization Act
- Short Titles as Reported to Senate
- 7(a) Real Estate Appraisal Harmonization Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 2
Each version as it was printed, newest first.
- Oct 11, 2018Reported to Senate
- Oct 5, 2018Introduced 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.
