H.R.1240 - Commercial Real Estate and Economic Development Act of 2013

To extend the low-interest refinancing provisions under the Local Development Business Loan Program of the Small Business Administration. view all titles (3)

All Bill Titles

  • Official: To extend the low-interest refinancing provisions under the Local Development Business Loan Program of the Small Business Administration. as introduced.
  • Short: Commercial Real Estate and Economic Development Act of 2013 as introduced.
  • Short: CREED Act of 2013 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
03/18/13
 
 
 
 
 
 
 

Sponsor

Representative

Judy Chu

D-CA

View Co-Sponsors (50)

Official Summary

Commercial Real Estate and Economic Development Act of 2013 or CREED Act of 2013 - Reinstates for a five-year period beginning on the date of enactment of this Act the authority for Small Business Administration (SBA) low-interest refinancing of small business debt not involving business ex

Official Summary

Commercial Real Estate and Economic Development Act of 2013 or CREED Act of 2013 - Reinstates for a five-year period beginning on the date of enactment of this Act 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. Repeals a provision of the Small Business Jobs Act of 2010 which terminated such authority as of September 27, 2012. States that no additional appropriations are authorized for the reinstated refinancing program.

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