A bill to extend the low-interest refinancing provisions under the Local Development Business Loan Program of the Small Business Administration.
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.
Referred to the House Committee on Small Business.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S660-661)
Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S661)
Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 113-309.
Committee on Small Business and Entrepreneurship. Committee consideration and Mark Up Session held.
Committee on Small Business and Entrepreneurship. Ordered to be reported with amendments favorably.
Committee on Small Business and Entrepreneurship. Reported by Senator Landrieu with an amendment. With written report No. 113-89.
Committee on Small Business and Entrepreneurship. Reported by Senator Landrieu with an amendment. With written report No. 113-89.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 167.
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