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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.

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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
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
12
Democrat Cosponsors
10
Republican Cosponsors
1
Unaffiliated Cosponsors
1

Policy Area and Potential Impact of Bill S 289

Primary Policy Focus

Commerce

Potential 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

Mary L. Landrieu
Mary L. Landrieu
LouisianaDemocrat
Jeanne Shaheen
Jeanne Shaheen
New HampshireDemocrat
Mark L. Pryor
Mark L. Pryor
ArkansasDemocrat
Bill Nelson
Bill Nelson
FloridaDemocrat
Claire McCaskill
Claire McCaskill
MissouriDemocrat
Angus S. King Jr.
Angus S. King Jr.
MaineIndependent

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