Small Business ACE Act
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
85pct
75d open
vs 3,805 other S bills in the 115th — cohort avg 41d
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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Filing registrants (1)
2018 · fourth_quarter · Banking
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By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-438.
By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-438.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 634.
Committee on Small Business and Entrepreneurship. Reported by Senator Risch without amendment and an amendment to the title. Without written report.
Committee on Small Business and Entrepreneurship. Ordered to be reported without amendment favorably.
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Introduced in Senate
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Sources: Congress.gov
Client expense: $1,700,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Defense, Dept of (DOD), Education, Dept of, Federal Communications Commission (FCC), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Housing & Urban Development, Dept of (HUD), Internal Revenue Service (IRS), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), SENATE, Treasury, Dept of