H.R. 116
Referred to CommitteeInvesting in Main Street Act of 2019
Introduced 1/3/2019•116th Congress•House
Latest Action
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
1/15/2019 • Senate
Summary
Investing in Main Street Act of 2019
This bill amends the Small Business Investment Act of 1958 to permit 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.
Passed House • 1/14/2019
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Topics & Subjects
Policy Area: Commerce
Administrative law and regulatory proceduresBanking and financial institutions regulationBusiness investment and capitalSmall business
Related Federal Spending
Sponsor & Cosponsors (4)
Party Breakdown
3
Democrats
1
Republicans
0
Independents
Sponsor
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Cosponsors (3)
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Bill Journey
Originated in the House
Introduced
January 3, 2019
Referred to the House Committee on Small Business.
Committee Review
Floor Debate
January 14, 2019
Passed Chamber
January 14, 2019
Other Chamber
President
Enacted into Law
Text Versions (3)
Referred in Senate1/15/2019
Engrossed in House1/14/2019
Introduced in House1/3/2019