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H.R.6348 - Small Business ACE Act115th Congress (2017-2018) |

Bill

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Sponsor: Rep. Curtis, John R. [R-UT-3] (Introduced 07/12/2018)
Committees: House - Small Business | Senate - Small Business and Entrepreneurship
Committee Reports: H. Rept. 115-941
Latest Action: Senate - 09/26/2018 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.  (All Actions)

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This bill has the status Passed House

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

More on This Bill

  • Constitutional Authority Statement
  • CBO Cost Estimates [0]

Subject — Policy Area:

Summary: H.R.6348 — 115th Congress (2017-2018)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed House without amendment (09/25/2018)

Small Business Access to Capital and Efficiency Act or the Small Business ACE Act

(Sec. 2) 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.)