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H.R. 6348 (115th): Small Business ACE Act

About the bill

Source: Republican Policy Committee

H.R. 6348 would update the Small Business Administration’s (SBA) 504/Certified Development Company Loan Program’s commercial real estate appraisal threshold to match the level set by federal banking regulators.

After more than two decades, federal banking regulators decided to update and modernize the real estate appraisal threshold from $250,000 to $500,000. Due to the 504/CDC Loan Program threshold value being codified in statute, H.R.6348 was introduced to modernize SBA's real estate appraisal threshold.

Sponsor and status

John Curtis

Sponsor. Representative for Utah's 3rd congressional district. Republican.

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

Enacted — Signed by the President on Dec 21, 2018

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

Law
Pub.L. 115-371
Source

Incorporated legislation

This bill incorporates provisions from:

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

Enacted — Signed by the President on Dec 21, 2018. 77% incorporated. (compare text)

History

Jul 12, 2018
 
Introduced

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. 6348 (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.

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

How to cite this information.

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“H.R. 6348 — 115th Congress: Small Business ACE Act.” www.GovTrack.us. 2018. October 14, 2019 <https://www.govtrack.us/congress/bills/115/hr6348>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.