The Investing in Main Street Act of 2024 would amend federal small business investment law to increase the maximum amount of money that can be invested in small business investment companies. Specifically, the bill raises investment limits from 5 percent to 15 percent in two separate provisions of the Small Business Investment Act of 1958. This change would allow investors to put more capital into these specialized firms that provide funding to small businesses. The bill was introduced in the Senate in February 2024 and referred to the Banking, Housing, and Urban Affairs Committee for consideration. No specific funding authorization or timeline is included in the legislation.
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