II
Calendar No. 167
113th CONGRESS
1st Session
S. 289
[Report No. 113–89]
IN THE SENATE OF THE UNITED STATES
February 12, 2013
Ms. Landrieu (for herself, Mrs. Shaheen, Mrs. McCaskill, Mr. Isakson, Mr. Cardin, Mr. Cowan, Mrs. Hagan, Mr. King, and Mr. Johnson of South Dakota) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship
September 10, 2013
Reported by Ms. Landrieu, with an amendment
Omit the part struck through and insert the part printed in italic
A BILL
To extend the low-interest refinancing provisions under the Local Development Business Loan Program of the Small Business Administration.
Short title
This Act may be cited as the
“Commercial Real Estate and Economic Development Act of
2013” or the CREED Act of
2013
.
Low-interest refinancing under the Local Development Business Loan Program
Repeal
Section 1122(b) of the Small Business Jobs Act of 2010 (15 U.S.C. 696 note) is repealed.
Restoration of low-Interest refinancing provision
Subparagraph (C) of section 502(7) of the
Small Business Investment Act of 1958 (15 U.S.C. 696(7)) (relating to
refinancing not involving expansions), as in effect on September 25, 2012,
shall be in effect during the period beginning on the date
of enactment of this Act and ending 5 years after that date of
enactment.on and
after the date of enactment of this Act, in any fiscal year during which the
cost to the Federal Government of making guarantees under section 502 of the
Small Business Investment Act of 1958 is zero.
September 10, 2013
Reported with an amendment