House Bill 6348
115th Congress(2017-2018)
Small Business ACE Act
Became Law
Became Public Law 115-371 on Dec 21, 2018
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
6348
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
checkPassed on September 25, 2018
Status
Passed
Type
Voice Vote
Voice Vote
A vote in which the presiding officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of senators voting on each side are not recorded.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8802)
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.)
September 26, 2018
September 25, 2018
September 12, 2018
July 12, 2018
12/21/2018
Became Public Law No: 115-371.
12/21/2018
Signed by President.
12/21/2018
Presented to President.
12/20/2018
Message on Senate action sent to the House.
12/19/2018
Passed Senate without amendment by Voice Vote.
12/19/2018
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
12/19/2018
Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent. (consideration: S7896-7897)
12/19/2018
Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.(consideration: S7896-7897)
09/26/2018
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
09/25/2018
Motion to reconsider laid on the table Agreed to without objection.
09/25/2018
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8802)
09/25/2018
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8802)
09/25/2018
DEBATE - The House proceeded with forty minutes of debate on H.R. 6348.
09/25/2018
Considered under suspension of the rules. (consideration: CR H8802-8803)
09/25/2018
Mr. Chabot moved to suspend the rules and pass the bill.
09/12/2018
Placed on the Union Calendar, Calendar No. 732.
09/12/2018
Reported by the Committee on Small Business. H. Rept. 115-941.
07/18/2018
Ordered to be Reported.
07/18/2018
Committee Consideration and Mark-up Session Held.
07/12/2018
Referred to the House Committee on Small Business.
07/12/2018
Sponsor introductory remarks on measure. (CR H6118-6119)
07/12/2018
Introduced in House
Public Record
Record Updated
Mar 22, 2023 7:50:57 PM