summary
Introduced
02/01/2024
02/01/2024
In Committee
02/01/2024
02/01/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill 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 amends the Small Business Investment Act of 1958 to increase the amount that may be invested in small business investment companies (SBICs) from 5 percent to 15 percent. SBICs are investment funds that provide financing and management assistance to small businesses. The bill aims to increase investments in small businesses on Main Street by expanding the capital available to SBICs.
Committee Categories
Housing and Urban Affairs
Sponsors (4)
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 02/01/2024)
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/senate-bill/3730/all-info |
| BillText | https://www.congress.gov/118/bills/s3730/BILLS-118s3730is.pdf |
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