S. 966 · 114th Congress
Commercial Real Estate and Economic Development Act of 2015
- Stage
- Reported from committee
- Sponsor
- Jeanne Shaheen
- Introduced
- 2015-04-15
- Latest action
- 2016-05-26 · By Senator Vitter from Committee on Small Business and Entrepreneurship filed written report. Report No. 114-266.
Summary
Commercial Real Estate and Economic Development Act of 2015 or the CREED Act of 2015
(Sec. 2) Reinstates 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, effective:
on and after enactment of this Act, and during any fiscal year in which the federal government's cost in making loan guarantees under such program is zero. Repeals a provision of the Small Business Jobs Act of 2010 that terminated such authority as of September 27, 2012.