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Bill115th CongressFiled Oct 5, 2018Finance and Financial Sector
S. 3553

Small Business ACE Act

Bill journey · stage 1 of 5

Just introduced

Filed
Comm.
Floor
Both
Law

What it doesSummary reported to senate without amendment (Oct 11, 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.)

What just happenedDec 19, 2018

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

Who’s behind it

Sen. Risch, James E. [R-ID](R-ID)Sponsor
Read on Congress.gov
1committees8actions1related bills
  1. Dec 19, 2018Floor

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

    Small Business and Entrepreneurship Committee
  2. Dec 19, 2018Committee14900

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

    Small Business and Entrepreneurship Committee
  3. Oct 11, 2018Calendars

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

  4. Oct 11, 2018Committee

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

    Small Business and Entrepreneurship Committee
  5. Oct 11, 2018Committee14000

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

    Small Business and Entrepreneurship Committee
  6. Oct 11, 2018Committee

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

    Small Business and Entrepreneurship Committee
  7. Oct 5, 2018IntroReferral

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

    Small Business and Entrepreneurship Committee
  8. Oct 5, 2018IntroReferral10000

    Introduced in Senate

Reported to Senate without amendmentOct 11, 201880

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.)

Introduced in SenateOct 5, 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.)

Small Business ACE Act — Informed