CREED Act of 2013

Hozzl · 2024-03-14T12:48:56Z

Explore the details of Senate Bill 289 CREED Act of 2013 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 289

Primary Policy Focus

Commerce

Potential Impact Areas

Government lending and loan guaranteesSmall business

Alternate Title(s) of Bill S 289

CREED Act of 2013CREED Act of 2013Commercial Real Estate and Economic Development Act of 2013CREED Act of 2013Commercial Real Estate and Economic Development Act of 2013A bill to extend the low-interest refinancing provisions under the Local Development Business Loan Program of the Small Business Administration.

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