summary
Introduced
01/20/2023
01/20/2023
In Committee
01/20/2023
01/20/2023
Crossed Over
01/26/2023
01/26/2023
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
AN ACT To amend the Small Business Investment Act of 1958 to increase the amount that may be invested in small business investment companies.
AI Summary
This bill, the Investing in Main Street Act of 2023, amends the Small Business Investment Act of 1958 to increase the maximum amount that can be invested in small business investment companies (SBICs) from 5% to 15% of the total capital and surplus of the investing bank or other financial institution.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (4)
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 01/26/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/400/all-info |
| BillText | https://www.congress.gov/118/bills/hr400/BILLS-118hr400eh.pdf |
| BillText | https://www.congress.gov/118/bills/hr400/BILLS-118hr400ih.pdf |
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