118th Congress · HOUSE BILLBILL

H.R. 400Investing in Main Street Act of 2023

To amend the Small Business Investment Act of 1958 to increase the amount that may be invested in small business investment companies.

Commerce
Introduced Jan 20, 2023
Last action Jan 26, 2023
Pipeline · Bill → Law
Step 1
Introduced
Jan 20, 2023
Step 2
Referred
Jan 20, 2023
Small Business · Banking, Housing, and Urban Affairs
Step 3
Committee
Step 4
House floor
Step 5
Senate
Jan 26, 2023
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

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%.

Provisions · 2 sectionsEngrossed in House
Roll Call Votes · 1
Timeline · 10 actions
Jan 26, 2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 25, 2023
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Jan 25, 2023
Considered under suspension of the rules.
Jan 25, 2023
DEBATE - The House proceeded with forty minutes of debate on H.R. 400.
Jan 25, 2023
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.
Jan 25, 2023
Considered as unfinished business.
Jan 25, 2023
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).ROLL CALLpass
Jan 25, 2023
Motion to reconsider laid on the table Agreed to without objection.
Jan 20, 2023
Introduced in House
Jan 20, 2023
Referred to the House Committee on Small Business.