Small Business ACE Act

United States115th CongressHR-6348House of Representatives
Updated: Dec 21, 2018

Summary

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 texts

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Timeline

Latest companion bill action

S-3553: Small Business ACE Act

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

  1. Message on Senate action sent to the House.

    Senate

  2. Signed by President.

    House of Representatives

  3. Became Public Law No: 115-371.

    House of Representatives

  4. Presented to President.

    House of Representatives