It was erected in 179 BCE by censor Marcus Fulvius Nobilior with the name of Basilica Fulvia. After the latter's death, his colleague Marcus Aemilius Lepidus completed it, and it was frequently restored and redecorated by the members of the Aemilian gens, giving the basilica its current name. After a fire, Augustus heavily restored the edifice in 14 BCE. The basilica was restored again in AD 22. On its two-hundredth anniversary, the Basilica Aemilia was considered by Pliny to be one of the most beautiful buildings in Rome. It was a place for business and, in the porticus of Gaius and Lucius (the grandsons of Augustus) fronting the Roman Forum, there were the Tabernae Novae (New Shops).