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H.R. 6347 (115th): 7(a) Real Estate Appraisal Harmonization Act

About the bill

Source: Republican Policy Committee

H.R. 6347 adjusts the Small Business Administration’s (SBA) 7(a) Loan Program’s commercial real estate appraisal threshold to match the level set by federal banking regulators.

As a way to bridge the lending gaps that exist in the marketplace for the nation's smallest firms, the SBA administers the 7(a) Loan Program, where creditworthy small businesses that cannot obtain traditional lending have the opportunity to apply for a government guaranteed loan. The program does not provide direct loans to participating small businesses; rather, SBA guarantees the repayment of loans made by participating financial lenders. The maximum loan a small business can acquire is $5 million and the guarantee percentage ranges from 75 to 85 percent based on the loan amount. The SBA charges lenders an upfront fee to run the loan program …

Sponsor and status

Dwight Evans

Sponsor. Representative for Pennsylvania's 2nd congressional district. Democrat.

Read Text »
Last Updated: Dec 21, 2018
Length: 1 page
Jul 12, 2018
115th Congress (2017–2019)

Enacted — Signed by the President on Dec 21, 2018

This bill was enacted after being signed by the President on December 21, 2018.

Pub.L. 115-370

1 Cosponsor (1 Republican)


Incorporated legislation

This bill incorporates provisions from:

S. 3552: 7(a) Real Estate Appraisal Harmonization Act

Ordered Reported on Oct 11, 2018. 80% incorporated. (compare text)

H.R. 6348: Small Business ACE Act

Enacted — Signed by the President on Dec 21, 2018. 81% incorporated. (compare text)


Jul 12, 2018

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Jul 18, 2018
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Sep 12, 2018
Reported by House Committee on Small Business

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

Sep 25, 2018
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next. The vote was by voice vote so no record of individual votes was made.

Dec 19, 2018
Passed Senate

The bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill. The vote was by Voice Vote so no record of individual votes was made.

Dec 21, 2018
Enacted — Signed by the President

The President signed the bill and it became law.

H.R. 6347 (115th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 6347. This is the one from the 115th Congress.

This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.

How to cite this information.

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