summary
Introduced
06/30/2021
06/30/2021
In Committee
07/29/2021
07/29/2021
Crossed Over
11/03/2021
11/03/2021
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
AN ACT To amend the Small Business Investment Act of 1958 to increase the amount that certain banks and savings asso- ciations may invest in small business investment compa- nies, subject to the approval of the appropriate Federal banking agency, and for other purposes.
AI Summary
This bill amends the Small Business Investment Act of 1958 to allow certain banks and savings associations, with the approval of the appropriate Federal banking agency, to invest up to 15% of their capital and surplus in small business investment companies, rather than the previously limited 5% or 10% investment. The bill also defines the term "appropriate Federal banking agency" as having the meaning given under the Federal Deposit Insurance Act.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (2)
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 11/03/2021)
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/117th-congress/house-bill/4256/all-info | 07/01/2021 |
| BillText | https://www.congress.gov/117/bills/hr4256/BILLS-117hr4256eh.pdf | 11/04/2021 |
| Bill | https://www.congress.gov/117/bills/hr4256/BILLS-117hr4256eh.pdf.pdf | 11/04/2021 |
| BillText | https://www.congress.gov/117/bills/hr4256/BILLS-117hr4256rh.pdf | 10/14/2021 |
| Bill | https://www.congress.gov/117/bills/hr4256/BILLS-117hr4256rh.pdf.pdf | 10/14/2021 |
| BillText | https://www.congress.gov/117/bills/hr4256/BILLS-117hr4256ih.pdf | 07/25/2021 |
| Bill | https://www.congress.gov/117/bills/hr4256/BILLS-117hr4256ih.pdf.pdf | 07/25/2021 |
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