H.R. 400 · 118th Congress · Commerce
Investing in Main Street Act of 2023
What it does
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%.
Summary by the Congressional Research Service, Jan 25, 2023 (Passed House). CRS summarizes bills impartially; it does not take positions.
Roll call votes
| Date | Question | Party split (yea) | Result |
|---|---|---|---|
| Jan 25, 2023 House roll 34 |
On Motion to Suspend the Rules and PassInvesting in Main Street Act | D 205–0 · R 206–13 |
Passed 411–13 |
Latest action
Jan 26, 2023 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.