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S.289: CREED Act of 2013

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about commerce
You can read the bill
Sponsor Mary L. Landrieu, D-La.
Total Cosponsors 12 (10 Democrats, 1 Independent, 1 Republican)
Introduced Feb. 12, 2013
Latest Major Action Sept. 10, 2013
See it on GovTrack
See it on C-SPAN

Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill Summary

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.

(Source: Congressional Research Service)

Bill Actions

Date Description
Sept. 10, 2013 Placed on Senate Legislative Calendar under General Orders. Calendar No. 167.
Sept. 10, 2013 Committee on Small Business and Entrepreneurship. Reported by Senator Landrieu with an amendment. With written report No. 113-89.
June 17, 2013 Committee on Small Business and Entrepreneurship. Ordered to be reported with amendments favorably.
June 13, 2013 Committee on Small Business and Entrepreneurship. Committee consideration and Mark Up Session held.
March 14, 2013 Committee on Small Business and Entrepreneurship. Hearings held. Hearings printed: S.Hrg. 113-309.
Feb. 12, 2013 Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S661)