Small Business ACE Act became law 162 days after introduction, with one cosponsor, a Democrat
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]. 75 words.
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.)
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
- 6 of 176 bills enacted since 2013
- Text versions
- 6, from enrolled bill to public law · 473 words
- Subjects
- Banking and financial institutions regulationGovernment lending and loan guaranteesReal estate businessSmall business
- Latest action
- Dec 21, 2018: Became Public Law No: 115-371.
- Records
- Congress.gov · Bill text
Exhibit 1Passage odds band at each stage, rated when the bill reached it [4]
Related bills · 3
Each bill appears once, under its strongest link. 3 in all.
Related, per CRS or House · 3
- 115th H.R. 6347 7(a) Real Estate Appraisal Harmonization Act D · Law
- 115th S. 3552 7(a) Real Estate Appraisal Harmonization Act R · Reported
- 115th S. 3553 Small Business ACE Act R · Reported
Exhibit 2Articles naming the bill per day, last 90 days, US sources [3]