H.R. 4256 · 117th Congress
Investing in Main Street Act of 2021
- Stage
- Passed a chamber
- Sponsor
- Judy Chu
- Introduced
- 2021-06-30
- Latest action
- 2021-11-03 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Summary
Investing in Main Street Act of 2021
This bill authorizes 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.