summary
Introduced
01/03/2019
01/03/2019
In Committee
01/03/2019
01/03/2019
Crossed Over
01/15/2019
01/15/2019
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
Investing in Main Street Act of 2019 Investing in Main Street Act of 2019 This bill amends the Small Business Investment Act of 1958 to permit certain banking entities, subject to the approval of the appropriate federal banking agency, 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.
AI Summary
This bill amends the Small Business Investment Act of 1958 to allow certain banking entities, with the approval of the appropriate federal banking agency, to invest up to 15% of their capital and surplus in small business investment companies (SBICs) or entities established solely to invest in SBICs. The "appropriate federal banking agency" refers to the definition provided in the Federal Deposit Insurance Act.
Committee Categories
Business and Industry
Sponsors (4)
Last Action
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. (on 01/15/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/116/all-info | 01/05/2019 |
| BillText | https://www.congress.gov/116/bills/hr116/BILLS-116hr116eh.pdf | 01/16/2019 |
| Bill | https://www.congress.gov/116/bills/hr116/BILLS-116hr116eh.pdf.pdf | 01/16/2019 |
| BillText | https://www.congress.gov/116/bills/hr116/BILLS-116hr116ih.pdf | 01/08/2019 |
| Bill | https://www.congress.gov/116/bills/hr116/BILLS-116hr116ih.pdf.pdf | 01/08/2019 |
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