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Investing in Main Street Act of 2019
Legislative Progress
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vs 5,086 other S bills in the 116th — cohort avg 30d
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.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
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Sources: Congress.gov