HR 1240 · 113th Congress · Commerce
CREED Act of 2013
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Small Business.(2013-03-18)
Plain Language Summary
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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