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H.R. 1240

CREED Act of 2013

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.

Referred to the House Committee on Small Business.

Rep. Chu, Judy [D-CA-27](D-CA)Sponsor
54 cosponsors50 D4 R
54cosponsors1committees3actions1related bills2subjects
  • Introduced in HouseMar 18, 2013
  1. IntroReferralH11100

    Referred to the House Committee on Small Business.

  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

CREED Act of 2013 — Informed