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H.R. 400

BillFederalHousePassed House
To amend the Small Business Investment Act of 1958 to increase the amount that may be invested in small business investment companies.
About This Bill
Passed
Latest Action · January 26, 2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Congress
118th (2023–2025)
Introduced
January 20, 2023
Cosponsors (3)
1D 2R
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Summary

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Investing in Main Street Act of 2023 This bill authorizes certain banking entities 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. The current limit is 5%.

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