[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 289 Reported in Senate (RS)]

                                                       Calendar No. 167
113th CONGRESS
  1st Session
                                 S. 289

                          [Report No. 113-89]

   To extend the low-interest refinancing provisions under the Local 
Development Business Loan Program of the Small Business Administration.


_______________________________________________________________________


                   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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Commercial Real Estate and Economic 
Development Act of 2013'' or the ``CREED Act of 2013''.

SEC. 2. LOW-INTEREST REFINANCING UNDER THE LOCAL DEVELOPMENT BUSINESS 
              LOAN PROGRAM.

    (a) Repeal.--Section 1122(b) of the Small Business Jobs Act of 2010 
(15 U.S.C. 696 note) is repealed.
    (b) 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 
<DELETED>during the period beginning on the date of enactment of this 
Act and ending 5 years after that date of enactment.</DELETED> 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.
                                                       Calendar No. 167

113th CONGRESS

  1st Session

                                 S. 289

                          [Report No. 113-89]

_______________________________________________________________________

                                 A BILL

   To extend the low-interest refinancing provisions under the Local 
Development Business Loan Program of the Small Business Administration.

_______________________________________________________________________

                           September 10, 2013

                       Reported with an amendment