HR 1240 · 113th Congress · Commerce

CREED Act of 2013

Introduced 2013-03-18· Sponsored by Rep. Chu, Judy [D-CA-27]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Small Business.(2013-03-18)

Plain Language Summary

[AI summary unavailable — showing source text] Commercial Real Estate and Economic Development Act of 2013 or CREED Act of 2013 - Reinstates for a five-year period beginning on the date of enactment of this Act the authority for Small Business Administration (SBA) low-interest refinancing of small business debt not involving business expansion under the SBA's local development business loan program. Repeals a provision of the Small Business Jobs Act of 2010 which terminated such authority as of September 27, 2012. States that no additional appropriations are authorized for the reinstated refinancing program.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

19 Democrats1 Republican