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![handle is hein.congrecreports/crptxacdj0001 and id is 1 raw text is: AUT-ENTICATED
U.S.GOVERNMENT
INFORMATION
Calendar No. 632
115TH CONGRESS REPORT
2d Session JSENATE 1 115-437
7(a) REAL ESTATE APPRAISAL HARMONIZATION 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. 3552]
[Including cost estimate of the Congressional Budget Office]
The Committee on Small Business and Entrepreneurship, to
which was referred the bill (S. 3552) to amend the Small Business
Act of 1953 to align the real estate appraisal threshold under the
section 7(a) 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 7(a) Real Estate Appraisal Harmonization Act was intro-
duced by Chairman James E. Risch on October 5, 2018.
The bill amends the Small Business Act of 1953 to align the ap-
praisal threshold amount for the Small Business Administration's
7(a) 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 Re-
serve System, Federal Deposit Insurance Corporation and Comp-
troller of the Currency) threshold for commercial real estate trans-
actions, 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 entrepreneurs and
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