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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%.

Senate Actions

IntroReferral
Jan. 26 2023	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

House floor actions Actions

Floor

Jan. 25
2023

Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays (2/3 required): 411 - 13 (Roll No. 35). (text: CR H304)
Considered as unfinished business. (consideration: CR H312-313)
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
DEBATE - The House proceeded with forty minutes of debate on H.R. 400.
Considered under suspension of the rules. (consideration: CR H304-306)
Mr. Williams (TX) moved to suspend the rules and pass the bill.

IntroReferral
Jan. 20 2023	Referred to the House Committee on Small Business.

Library of Congress Actions

Floor
Jan. 25 2023	Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays (2/3 required): 411 - 13 (Roll No. 35). (text: CR H304)

IntroReferral
Jan. 20 2023	Introduced in House Introduced in House

House bill HR400-118

Investing in Main Street Act of 2023

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