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H.R. 116

BillFederalHousePassed House
Investing in Main Street Act of 2019
About This Bill
Passed
Latest Action · January 15, 2019
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Congress
116th (2019–2021)
Introduced
January 3, 2019
Sponsor
Rep. Judy ChuD
Cosponsors (3)
2D 1R
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Summary

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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.

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