7(a) Real Estate Appraisal Harmonization Act became law 162 days after introduction, with one cosponsor, a Republican
IntroducedJul 12, 2018
ReportedJul 18, 2018
Passed one chamberSep 25, 2018
Passed bothDec 19, 2018
LawDec 21, 2018
What it changes · CRS summary
Written by the Congressional Research Service [2]. 63 words.
7(a) Real Estate Appraisal Harmonization Act
(Sec. 2) This bill amends the Small Business Act to revise the loan amount above which a real estate appraisal is required for a commercial real property securing a small business 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.)
Context
- Committees
- House Small Business Committee
Senate Small Business and Entrepreneurship Committee - Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 1 of 50 bills enacted since 2013
- Text versions
- 6, from enrolled bill to public law · 470 words
- Subjects
- Banking and financial institutions regulationGovernment lending and loan guaranteesReal estate businessSmall business
- Latest action
- Dec 21, 2018: Became Public Law No: 115-370.
- Records
- Congress.gov · Bill text
Exhibit 1Passage odds band at each stage, rated when the bill reached it [4]
Related bills · 2
Each bill appears once, under its strongest link. 2 in all.
Related, per CRS or House · 2
- 115th H.R. 6348 Small Business ACE Act R · Law
- 115th S. 3552 7(a) Real Estate Appraisal Harmonization Act R · Reported
Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]