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CREED Act of 2013
3/14/2024, 12:48 PM
Congressional Summary of S 289
Commercial Real Estate and Economic Development Act of 2013 or CREED Act of 2013 - 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 during any fiscal year in which the cost to the federal government for making loan guarantees under such program is zero.
Repeals a provision of the Small Business Jobs Act of 2010 which terminated such authority as of September 27, 2012.
Read the Full Bill
Current Status of Bill S 289
Bill S 289 is currently in the status of Bill Introduced since February 12, 2013. Bill S 289 was introduced during Congress 113 and was introduced to the Senate on February 12, 2013. Bill S 289's most recent activity was Placed on Senate Legislative Calendar under General Orders. Calendar No. 167. as of September 10, 2013
Bipartisan Support of Bill S 289
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
12Democrat Cosponsors
10Republican Cosponsors
1Unaffiliated Cosponsors
1Policy Area and Potential Impact of Bill S 289
Primary Policy Focus
CommercePotential Impact Areas
- Government lending and loan guarantees
- Small business
Alternate Title(s) of Bill S 289
CREED Act of 2013
CREED Act of 2013
Commercial Real Estate and Economic Development Act of 2013
CREED Act of 2013
Commercial Real Estate and Economic Development Act of 2013
A bill to extend the low-interest refinancing provisions under the Local Development Business Loan Program of the Small Business Administration.
Comments
Sponsors and Cosponsors of S 289
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