[Congressional Record Volume 164, Number 124 (Tuesday, July 24, 2018)]
[Senate]
[Page S5277]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3439. Mr. RISCH submitted an amendment intended to be proposed by 
him to the bill H.R. 6147, making appropriations for the Department of 
the Interior, environment, and related agencies for the fiscal year 
ending September 30, 2019, and for other purposes; which was ordered to 
lie on the table; as follows:

       At the appropriate place, insert the following:
       Sec. __. (a) Section 7(a)(29) of the Small Business Act (15 
     U.S.C. 636(a)(29)) is amended--
       (1) by redesignating subparagraphs (A) and (B) as clauses 
     (i) and (ii), respectively, and adjusting the margins 
     accordingly;
       (2) by striking ``With respect to'' and inserting the 
     following:
       ``(A) In general.--With respect to'';
       (3) in clause (i), as so redesignated, by striking ``for 
     more than $250,000'' and inserting ``, if such loan is in an 
     amount greater than the Federal banking regulator appraisal 
     threshold'';
       (4) in clause (ii), as so redesignated, by striking ``for 
     $250,000 or less'' and inserting ``, if such loan is in an 
     amount equal to or less than the Federal banking regulator 
     appraisal threshold''; and
       (5) by adding at the end the following:
       ``(B) Federal banking regulator appraisal threshold 
     defined.--For purposes of this paragraph, the term `Federal 
     banking regulator appraisal threshold' means the lesser of 
     the threshold amounts set by the Board of Governors of the 
     Federal Reserve System, the Comptroller of the Currency, and 
     the Federal Deposit Insurance Corporation for when a 
     federally related transaction that is a commercial real 
     estate transaction requires an appraisal prepared by a State 
     licensed or certified appraiser.''.
       (b) Section 502(3)(E)(ii) of the Small Business Investment 
     Act of 1958 (15 U.S.C. 696(3)(E)(ii)) is amended--
       (1) by redesignating subclauses (I) and (II) as items (aa) 
     and (bb), respectively, and adjusting the margins 
     accordingly;
       (2) by striking ``With respect to'' and inserting the 
     following:

       ``(I) In general.--With respect to'';

       (3) in item (aa), as so redesignated, by striking ``is more 
     than $250,000'' and inserting ``is more than the Federal 
     banking regulator appraisal threshold'';
       (4) in item (bb), as so redesignated, by striking ``is 
     $250,000 or less'' and inserting ``is equal to or less than 
     the Federal banking regulator appraisal threshold''; and
       (5) by adding at the end the following:

       ``(II) Federal banking regulator appraisal threshold 
     defined.--For purposes of this clause, the term `Federal 
     banking regulator appraisal threshold' means the lesser of 
     the threshold amounts set by the Board of Governors of the 
     Federal Reserve System, the Comptroller of the Currency, and 
     the Federal Deposit Insurance Corporation for when a 
     federally related transaction that is a commercial real 
     estate transaction requires an appraisal prepared by a State 
     licensed or certified appraiser.''.

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