Small Business ACE Act

Fact Sheet API

Bill Number

S 3553

Introduced

Oct 5, 2018

Latest Action

By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-438.

Sponsor

Cosponsors

Topics

Banking and financial institutions regulation Finance and Financial Sector Government lending and loan guarantees Real estate business Small business

Full Text

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Votes

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.)

Actions

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

Amendments

Related Bills