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U.S.GOVERNMENT
INFORMATION
Calendar No. 634
115TH CONGRESS REPORT
2d Session JSENATE 1 115-438
SMALL BUSINESS ACCESS TO CAPITAL AND EFFICIENCY
(ACE) ACT
DECEMBER 19, 2018.-Ordered to be printed
Mr. RISCH, from the Committee on Small Business and
Entrepreneurship, submitted the following
REPORT
[To accompany S. 3553]
[Including cost estimate of the Congressional Budget Office]
The Committee on Small Business and Entrepreneurship, to
which was referred the bill (S. 3553) to amend the Small Business
Investment Act to align the real estate appraisal thresholds under
the section 504 program of the Small Business Administration with
the threshold used by the Federal banking regulators, and for other
purposes, having considered the same, reports favorably thereon
without amendment and recommends that the bill do pass.
I. INTRODUCTION
The Small Business Access to Capital and Efficiency (ACE) Act
was introduced by Chairman James E. Risch on October 5, 2018.
The bill amends the Small Business Investment Act of 1958 to
align the appraisal threshold amount for SBA's 504 loan guaranty
program to the Federal banking regulators' threshold amount for
commercial real estate transactions, or the lesser amount of the
three Federal banking regulators' (Federal Reserve System, Fed-
eral Deposit Insurance Corporation and Comptroller of the Cur-
rency) threshold for commercial real estate transactions, if there is
a discrepancy. The bill was approved unanimously by a roll call
vote as part of a six-bill manager's package.
II. HISTORY (PURPOSE & NEED FOR LEGISLATION)
The Small Business Administration (SBA) administers a number
of loan programs to provide access to capital to fit the needs of en-
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