Small Business ACE Act
USA115th CongressHR-6348| House
| Updated: 12/21/2018
John R. Curtis
Republican Representative
Utah
Cosponsors (1)
Small Business Committee, Small Business and Entrepreneurship Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.)
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Small Business.
Sponsor introductory remarks on measure. (CR H6118-6119)
Committee Consideration and Mark-up Session Held.
Ordered to be Reported.
Placed on the Union Calendar, Calendar No. 732.
Reported by the Committee on Small Business. H. Rept. 115-941.
Mr. Chabot moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H8802-8803)
DEBATE - The House proceeded with forty minutes of debate on H.R. 6348.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8802)
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8802)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Latest Companion Bill Action
S 115-3553By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-438.
Passed Senate without amendment by Voice Vote.
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.(consideration: S7896-7897)
Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent. (consideration: S7896-7897)
Message on Senate action sent to the House.
Presented to President.
Signed by President.
Became Public Law No: 115-371.
Finance and Financial Sector
Banking and financial institutions regulationGovernment lending and loan guaranteesReal estate businessSmall business
Small Business ACE Act
USA115th CongressHR-6348| House
| Updated: 12/21/2018
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.)
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Small Business.
Sponsor introductory remarks on measure. (CR H6118-6119)
Committee Consideration and Mark-up Session Held.
Ordered to be Reported.
Placed on the Union Calendar, Calendar No. 732.
Reported by the Committee on Small Business. H. Rept. 115-941.
Mr. Chabot moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H8802-8803)
DEBATE - The House proceeded with forty minutes of debate on H.R. 6348.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8802)
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8802)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Latest Companion Bill Action
S 115-3553By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-438.
Passed Senate without amendment by Voice Vote.
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.(consideration: S7896-7897)
Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent. (consideration: S7896-7897)
Message on Senate action sent to the House.
Presented to President.
Signed by President.
Became Public Law No: 115-371.
John R. Curtis
Republican Representative
Utah
Cosponsors (1)
Small Business Committee, Small Business and Entrepreneurship Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Banking and financial institutions regulationGovernment lending and loan guaranteesReal estate businessSmall business