Legis Daily

Small Business ACE Act

USA115th CongressHR-6348| House 
| Updated: 12/21/2018
John R. Curtis

John R. Curtis

Republican Representative

Utah

Cosponsors (1)
Dwight Evans (Democratic)

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.)

Bill Text Versions

View Text
6 versions available

Suggested Questions

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Timeline
Jul 12, 2018
Introduced in House
Jul 12, 2018
Referred to the House Committee on Small Business.
Jul 12, 2018
Sponsor introductory remarks on measure. (CR H6118-6119)
Jul 18, 2018
Committee Consideration and Mark-up Session Held.
Jul 18, 2018
Ordered to be Reported.
Sep 12, 2018
Placed on the Union Calendar, Calendar No. 732.
Sep 12, 2018
Reported by the Committee on Small Business. H. Rept. 115-941.
Sep 25, 2018
Mr. Chabot moved to suspend the rules and pass the bill.
Sep 25, 2018
Considered under suspension of the rules. (consideration: CR H8802-8803)
Sep 25, 2018
DEBATE - The House proceeded with forty minutes of debate on H.R. 6348.
Sep 25, 2018
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8802)
Sep 25, 2018
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8802)
Sep 25, 2018
Motion to reconsider laid on the table Agreed to without objection.
Sep 26, 2018
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Dec 19, 2018

Latest Companion Bill Action

S 115-3553
By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-438.
Dec 19, 2018
Passed Senate without amendment by Voice Vote.
Dec 19, 2018
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
Dec 19, 2018
Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.(consideration: S7896-7897)
Dec 19, 2018
Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent. (consideration: S7896-7897)
Dec 20, 2018
Message on Senate action sent to the House.
Dec 21, 2018
Presented to President.
Dec 21, 2018
Signed by President.
Dec 21, 2018
Became Public Law No: 115-371.
  • July 12, 2018
    Introduced in House


  • July 12, 2018
    Referred to the House Committee on Small Business.


  • July 12, 2018
    Sponsor introductory remarks on measure. (CR H6118-6119)


  • July 18, 2018
    Committee Consideration and Mark-up Session Held.


  • July 18, 2018
    Ordered to be Reported.


  • September 12, 2018
    Placed on the Union Calendar, Calendar No. 732.


  • September 12, 2018
    Reported by the Committee on Small Business. H. Rept. 115-941.


  • September 25, 2018
    Mr. Chabot moved to suspend the rules and pass the bill.


  • September 25, 2018
    Considered under suspension of the rules. (consideration: CR H8802-8803)


  • September 25, 2018
    DEBATE - The House proceeded with forty minutes of debate on H.R. 6348.


  • September 25, 2018
    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8802)


  • September 25, 2018
    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8802)


  • September 25, 2018
    Motion to reconsider laid on the table Agreed to without objection.


  • September 26, 2018
    Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.


  • December 19, 2018

    Latest Companion Bill Action

    S 115-3553
    By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-438.


  • December 19, 2018
    Passed Senate without amendment by Voice Vote.


  • December 19, 2018
    Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.


  • December 19, 2018
    Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.(consideration: S7896-7897)


  • December 19, 2018
    Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent. (consideration: S7896-7897)


  • December 20, 2018
    Message on Senate action sent to the House.


  • December 21, 2018
    Presented to President.


  • December 21, 2018
    Signed by President.


  • December 21, 2018
    Became Public Law No: 115-371.

Finance and Financial Sector

Related Bills

  • S 115-3553: Small Business ACE Act
  • HR 115-6347: 7(a) Real Estate Appraisal Harmonization Act
  • S 115-3552: 7(a) Real Estate Appraisal Harmonization Act
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.)

Bill Text Versions

View Text
6 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 12, 2018
Introduced in House
Jul 12, 2018
Referred to the House Committee on Small Business.
Jul 12, 2018
Sponsor introductory remarks on measure. (CR H6118-6119)
Jul 18, 2018
Committee Consideration and Mark-up Session Held.
Jul 18, 2018
Ordered to be Reported.
Sep 12, 2018
Placed on the Union Calendar, Calendar No. 732.
Sep 12, 2018
Reported by the Committee on Small Business. H. Rept. 115-941.
Sep 25, 2018
Mr. Chabot moved to suspend the rules and pass the bill.
Sep 25, 2018
Considered under suspension of the rules. (consideration: CR H8802-8803)
Sep 25, 2018
DEBATE - The House proceeded with forty minutes of debate on H.R. 6348.
Sep 25, 2018
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8802)
Sep 25, 2018
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8802)
Sep 25, 2018
Motion to reconsider laid on the table Agreed to without objection.
Sep 26, 2018
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Dec 19, 2018

Latest Companion Bill Action

S 115-3553
By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-438.
Dec 19, 2018
Passed Senate without amendment by Voice Vote.
Dec 19, 2018
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
Dec 19, 2018
Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.(consideration: S7896-7897)
Dec 19, 2018
Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent. (consideration: S7896-7897)
Dec 20, 2018
Message on Senate action sent to the House.
Dec 21, 2018
Presented to President.
Dec 21, 2018
Signed by President.
Dec 21, 2018
Became Public Law No: 115-371.
  • July 12, 2018
    Introduced in House


  • July 12, 2018
    Referred to the House Committee on Small Business.


  • July 12, 2018
    Sponsor introductory remarks on measure. (CR H6118-6119)


  • July 18, 2018
    Committee Consideration and Mark-up Session Held.


  • July 18, 2018
    Ordered to be Reported.


  • September 12, 2018
    Placed on the Union Calendar, Calendar No. 732.


  • September 12, 2018
    Reported by the Committee on Small Business. H. Rept. 115-941.


  • September 25, 2018
    Mr. Chabot moved to suspend the rules and pass the bill.


  • September 25, 2018
    Considered under suspension of the rules. (consideration: CR H8802-8803)


  • September 25, 2018
    DEBATE - The House proceeded with forty minutes of debate on H.R. 6348.


  • September 25, 2018
    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8802)


  • September 25, 2018
    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8802)


  • September 25, 2018
    Motion to reconsider laid on the table Agreed to without objection.


  • September 26, 2018
    Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.


  • December 19, 2018

    Latest Companion Bill Action

    S 115-3553
    By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-438.


  • December 19, 2018
    Passed Senate without amendment by Voice Vote.


  • December 19, 2018
    Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.


  • December 19, 2018
    Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.(consideration: S7896-7897)


  • December 19, 2018
    Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent. (consideration: S7896-7897)


  • December 20, 2018
    Message on Senate action sent to the House.


  • December 21, 2018
    Presented to President.


  • December 21, 2018
    Signed by President.


  • December 21, 2018
    Became Public Law No: 115-371.
John R. Curtis

John R. Curtis

Republican Representative

Utah

Cosponsors (1)
Dwight Evans (Democratic)

Small Business Committee, Small Business and Entrepreneurship Committee

Finance and Financial Sector

Related Bills

  • S 115-3553: Small Business ACE Act
  • HR 115-6347: 7(a) Real Estate Appraisal Harmonization Act
  • S 115-3552: 7(a) Real Estate Appraisal Harmonization Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Banking and financial institutions regulationGovernment lending and loan guaranteesReal estate businessSmall business