S. 3553 · 115th Congress
Small Business Access to Capital and Efficiency Act
- Stage
- Reported from committee
- Sponsor
- James Risch
- Introduced
- 2018-10-05
- Latest action
- 2018-12-19 · By Senator Risch from Committee on Small Business and Entrepreneurship filed written report. Report No. 115-438.
Summary
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.)