summary
Introduced
01/28/2025
01/28/2025
In Committee
01/28/2025
01/28/2025
Crossed Over
02/25/2025
02/25/2025
Passed
Dead
Introduced Session
119th 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 seeks to amend the Small Business Investment Act of 1958 by increasing the investment percentage allowed for small business investment companies (SBICs). Specifically, the bill changes two key percentages from 5% to 15%, which would provide SBICs with more flexibility and capital to invest in small businesses. Small Business Investment Companies are privately owned and managed investment funds that are licensed and regulated by the Small Business Administration (SBA) to provide long-term financing to small businesses. By raising the investment percentage, the bill aims to enhance the ability of these companies to support small businesses across the United States, potentially improving access to capital for entrepreneurs and small business owners. The bill, known as the "Investing in Main Street Act of 2025", represents a legislative effort to strengthen financial support for small businesses by expanding the investment parameters for SBICs.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (5)
Last Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 02/25/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/754/all-info |
BillText | https://www.congress.gov/119/bills/hr754/BILLS-119hr754eh.pdf |
BillText | https://www.congress.gov/119/bills/hr754/BILLS-119hr754ih.pdf |
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