H.R. 2364
Referred to CommitteeInvesting in Main Street Act of 2017
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
7/25/2017 • Senate
Summary
(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)
Investing in Main Street Act of 2017
(Sec. 2) This bill amends the Small Business Investment Act of 1958 to increase from 5% to 15% of its capital and surplus, the amount a national bank, a member bank of the Federal Reserve System, a nonmember insured bank (to the extent permitted under applicable state law), or a federal savings association may invest in one or more small business investment companies (SBICs), or in any entity established to invest solely in SBICs. The increase is subject to the approval of the appropriate federal banking agency.
Passed House without amendment • 7/24/2017
Topics & Subjects
CBO Cost Estimates (1)
Congressional Votes (0)
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Roll call votes will appear here as the bill moves through Congress
Related Federal Spending
Sponsor & Cosponsors (3)
Party Breakdown
Sponsor
Cosponsors (2)
Bill Journey
Originated in the House
Introduced
May 4, 2017
Committee Review
June 15, 2017
Ordered to be Reported.
Floor Debate
July 24, 2017
Passed Chamber
July 24, 2017
Other Chamber
President
Enacted into Law
Text Versions (4)
Committee Reports (1)
Related Bills (4)
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