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

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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 ...

Sponsor and status

Dwight Evans

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

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Last Updated: Sep 26, 2018
Length: 3 pages

Jul 12, 2018


Passed House (Senate next) on Sep 25, 2018

This bill passed in the House on September 25, 2018 and goes to the Senate next for consideration.


46% chance of being enacted according to Skopos Labs (details)

See Instead:

S. 3552 (same title)
Ordered Reported — Oct 11, 2018


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 21, 2018
On House Schedule

The House indicated that this bill would be considered in the week ahead.

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.

If this bill has further action, the following steps may occur next:
Passed Senate

Signed by the President

H.R. 6347 is 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.

How to cite this information.

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“H.R. 6347 — 115th Congress: 7(a) Real Estate Appraisal Harmonization Act.” 2018. November 17, 2018 <>

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