HR 6348 · 115th Congress · Finance and Financial Sector

Small Business ACE Act

Introduced 2018-07-12· Sponsored by Rep. Curtis, John R. [R-UT-3]· House

Bill Progress

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Introduced
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Committee
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House Vote
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Senate
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Enacted
Latest: Became Public Law No: 115-371.(2018-12-21)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business Access to Capital and Efficiency Act or the Small Business ACE Act 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.)…

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

CBO Cost Estimate

Congressional Budget Office

H.R. 6348, Small Business ACE Act

Aug 14, 2018

As ordered reported by the House Committee on Small Business on July 18, 2018

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (1)

1 Democrat
Rep. Evans, Dwight [D-PA-2]PA