Ask AI
Bill114th CongressFiled Apr 15, 2015Commerce
S. 966

CREED Act of 2015

Bill journey · stage 1 of 5

Just introduced

Filed
Comm.
Floor
Both
Law

What it doesSummary reported to senate with amendment(s) (Jun 10, 2015)

Commercial Real Estate and Economic Development Act of 2015 or the CREED Act of 2015

(Sec. 2) Reinstates the authority for Small Business Administration (SBA) low-interest refinancing of small business debt not involving business expansion under the SBA's local development business loan program, effective:

  • on and after enactment of this Act, and
  • during any fiscal year in which the federal government's cost in making loan guarantees under such program is zero.

Repeals a provision of the Small Business Jobs Act of 2010 that terminated such authority as of September 27, 2012.

What just happenedMay 26, 2016

By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-266.

Who’s behind it

Sen. Shaheen, Jeanne [D-NH](D-NH)Sponsor
8 cosponsors5 D3 R
Read on Congress.gov
8cosponsors1committees8actions1related bills2subjects
  1. May 26, 2016Floor

    By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-266.

    Small Business and Entrepreneurship Committee
  2. May 26, 2016Committee14900

    By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-266.

    Small Business and Entrepreneurship Committee
  3. Jun 10, 2015Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 107.

  4. Jun 10, 2015Committee

    Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with an amendment in the nature of a substitute. Without written report.

    Small Business and Entrepreneurship Committee
  5. Jun 10, 2015Committee14000

    Committee on Small Business and Entrepreneurship. Reported by Senator Vitter with an amendment in the nature of a substitute. Without written report.

    Small Business and Entrepreneurship Committee
  6. Apr 23, 2015Committee

    Committee on Small Business and Entrepreneurship. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Small Business and Entrepreneurship Committee
  7. Apr 15, 2015IntroReferral

    Read twice and referred to the Committee on Small Business and Entrepreneurship.

    Small Business and Entrepreneurship Committee
  8. Apr 15, 2015IntroReferral10000

    Introduced in Senate

Reported to Senate with amendment(s)Jun 10, 20151

Commercial Real Estate and Economic Development Act of 2015 or the CREED Act of 2015

(Sec. 2) Reinstates the authority for Small Business Administration (SBA) low-interest refinancing of small business debt not involving business expansion under the SBA's local development business loan program, effective:

  • on and after enactment of this Act, and
  • during any fiscal year in which the federal government's cost in making loan guarantees under such program is zero.

Repeals a provision of the Small Business Jobs Act of 2010 that terminated such authority as of September 27, 2012.

Introduced in SenateApr 15, 2015

Commercial Real Estate and Economic Development Act of 2015 or the CREED Act of 2015

Reinstates for a five-year period beginning on the enactment of this Act the authority for Small Business Administration (SBA) low-interest refinancing of small business debt not involving business expansion under the SBA's local development business loan program.

Repeals a provision of the Small Business Jobs Act of 2010 which terminated such authority as of September 27, 2012.

CREED Act of 2015 — Informed