H.R.2266 - CREED Act of 2015114th Congress (2015-2016)
|Sponsor:||Rep. Chu, Judy [D-CA-27] (Introduced 05/12/2015)|
|Committees:||House - Small Business|
|Latest Action:||House - 05/12/2015 Referred to the House Committee on Small Business. (All Actions)|
This bill has the status Introduced
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Summary: H.R.2266 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in House (05/12/2015)
Commercial Real Estate and Economic Development Act of 2015 or the CREED Act of 2015
Reinstates for a five-year period beginning after 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 that terminated such authority as of September 26, 2012. Restores and revives any provision of law struck by the provision, and any regulations promulgated pursuant to it as they were in effect on that date.