Small Business ACE Act

United States115th CongressS-3553Senate
Updated: Dec 19, 2018

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.)

Bill texts

Available versions
View official text

2 versions available

All available records shown.

Timeline

  1. Committee on Small Business and Entrepreneurship. Reported by Senator Risch without amendment and an amendment to the title. Without written report.

    Senate

  2. Placed on Senate Legislative Calendar under General Orders. Calendar No. 634.

    Senate

  3. Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.

    Senate

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

    Senate