H.R. 400 · 118th Congress
Investing in Main Street Act of 2023
- Stage
- Passed a chamber
- Sponsor
- Judy Chu
- Introduced
- 2023-01-20
- Latest action
- 2023-01-26 · 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 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%.