118th Congress > House > Vote 34

Date: January 25, 2023

Result: 411-13 (Passed)

Clerk session vote number: 35

Sponsor: CHU, Judy (D-CA)

Bill number: HR400

Question: On Motion to Suspend the Rules and Pass

Description: Investing in Main Street Act

Bill 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%.

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

Links for more info on the vote: congress.gov

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