H.R. 1240: CREED Act of 2013
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H.R. 1240: CREED Act of 2013
113th Congress · introduced 2013-03-18 · Commerce · Latest: Referred to the House Committee on Small Business.
federal
Follow this bill, step by step
- Where it came from: introduced 2013-03-18 · official record
- Who proposed it: Rep. Chu, Judy [D-CA-27] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Referred to the House Committee on Small Business. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
CREED Act of 2013
Plain summary
Commercial Real Estate and Economic Development Act of 2013 or CREED Act of 2013 - Reinstates for a five-year period beginning on the date of enactment of this Act 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. Repeals a provision of the Small Business Jobs Act of 2010 which terminated such authority as of September 27, 2012. States that no additional appropriations are authorized for the reinstated refinancing program.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
What a vote does
A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
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The strongest published arguments
Arguments for (supporters)
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Alternatives
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Chu, Judy [D-CA-27] · 54 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Grace Meng (D-NY), Ami Bera (D-CA), Joe Courtney (D-CT), Mark Takano (D-CA), James P. McGovern (D-MA), Marc A. Veasey (D-TX), Adam B. Schiff (D-CA), Lloyd Doggett (D-TX), Bill Foster (D-IL), Mark Pocan (D-WI), Betty McCollum (D-MN), Bradley Scott Schneider (D-IL), Frederica S. Wilson (D-FL), Jared Huffman (D-CA), Frank Pallone, Jr. (D-NJ), Danny K. Davis (D-IL), Mike Quigley (D-IL), Juan Vargas (D-CA), Kathy Castor (D-FL), Henry C. "Hank" Johnson, Jr. (D-GA), Tammy Duckworth (D-IL)
Sponsor's campaign money: Rep. Chu, Judy [D-CA-27] reported raising $1.4 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (2)
- Appropriation
- Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
- Authorization
- A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-113hr1240.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/113/hr>
Record fed-us-cong113-hr1240 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113