H.R. 400 · 118th Congress
Investing in Main Street Act of 2023
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3 cosponsors · 1 D, 2 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Jan 20, 2023
- House Passed Jan 25, 2023 411–13
This bill authorizes certain banking entities to invest up to 15% of their capital and surplus in one or more small business investment companies (SBICs) or in any entity established to invest solely in SBICs. The current limit is 5%.
What it does: CRS summary · Passed House · Jan 25, 2023
Investing in Main Street Act of 2023
This bill authorizes certain banking entities to invest up to 15% of their capital and surplus in one or more small business investment companies (SBICs) or in any entity established to invest solely in SBICs. The current limit is 5%.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
Votes to become law
About this bill and sources
Official title: Investing in Main Street Act of 2023
Latest action (Jan 26, 2023): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Commerce · Origin: House · Introduced: Jan 20, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML) · Embed in your story
- House Introduced Jan 20, 2023
- House Passed Jan 25, 2023 411–13
Final vote · House · Jan 25, 2023
Passage (two-thirds required) — Passed. Vote details
Speaker of the House: Kevin McCarthy