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Small Business Access to Capital and Efficiency Act

Floor Speech

Date: Sept. 25, 2018
Location: Washington, DC
Issues: Business and Consumers

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Mr. EVANS. Mr. Speaker, I would like to thank the chairman and the ranking member for their bipartisan leadership.

I am pleased to join with my colleague, Congressman John Curtis from Utah, in putting forth this important piece of legislation. I am pleased to join as the cosponsor of Congressman Curtis on H.R. 6348, the Small Business Access to Capital and Efficiency Act, which adjusts the real estate appraisal threshold under the section 504 program to bring them into line with thresholds used by the Federal banking regulator. This bill also passed out of the Small Business Committee in July.

The city of Philadelphia has a robust real estate industry which employs appraisers, lenders, construction workers, bankers, and numerous others. The point is the industry is responsible for jobs, jobs, and more jobs. Currently, the Small Business Act mandates this.

Mr. Speaker, I urge my colleagues to support this particular bill. This is very important to our country.

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