Small Business ACE Act
USA115th CongressS-3553| Senate
| Updated: 12/19/2018
James E. Risch
Republican Senator
Idaho
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 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.)
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
Committee on Small Business and Entrepreneurship. Reported by Senator Risch without amendment and an amendment to the title. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 634.
By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-438.
Finance and Financial Sector
Small Business ACE Act
USA115th CongressS-3553| Senate
| Updated: 12/19/2018
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.)
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
Committee on Small Business and Entrepreneurship. Reported by Senator Risch without amendment and an amendment to the title. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 634.
By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-438.
James E. Risch
Republican Senator
Idaho
Small Business and Entrepreneurship Committee
Finance and Financial Sector
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted