Legis Daily

Investing in Main Street Act of 2017

USA115th CongressHR-2364| House 
| Updated: 7/25/2017
Judy Chu

Judy Chu

Democratic Representative

California

Cosponsors (2)
Stephen Knight (Republican)Grace Meng (Democratic)

Small Business Committee, Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.) Investing in Main Street Act of 2017 (Sec. 2) This bill amends the Small Business Investment Act of 1958 to increase from 5% to 15% of its capital and surplus, the amount a national bank, a member bank of the Federal Reserve System, a nonmember insured bank (to the extent permitted under applicable state law), or a federal savings association may invest in one or more small business investment companies (SBICs), or in any entity established to invest solely in SBICs. The increase is subject to the approval of the appropriate federal banking agency.

Bill Text Versions

View Text
4 versions available

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Timeline
May 4, 2017
Introduced in House
May 4, 2017
Referred to the House Committee on Small Business.
Jun 15, 2017
Ordered to be Reported.
Jun 15, 2017
Committee Consideration and Mark-up Session Held.
Jul 12, 2017
Placed on the Union Calendar, Calendar No. 152.
Jul 12, 2017
Reported by the Committee on Small Business. H. Rept. 115-216.
Jul 24, 2017
Mr. Chabot moved to suspend the rules and pass the bill.
Jul 24, 2017
Considered under suspension of the rules. (consideration: CR H6181-6183)
Jul 24, 2017
DEBATE - The House proceeded with forty minutes of debate on H.R. 2364.
Jul 24, 2017
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H6181-6182)
Jul 24, 2017
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H6181-6182)
Jul 24, 2017
Motion to reconsider laid on the table Agreed to without objection.
Jul 25, 2017
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • May 4, 2017
    Introduced in House


  • May 4, 2017
    Referred to the House Committee on Small Business.


  • June 15, 2017
    Ordered to be Reported.


  • June 15, 2017
    Committee Consideration and Mark-up Session Held.


  • July 12, 2017
    Placed on the Union Calendar, Calendar No. 152.


  • July 12, 2017
    Reported by the Committee on Small Business. H. Rept. 115-216.


  • July 24, 2017
    Mr. Chabot moved to suspend the rules and pass the bill.


  • July 24, 2017
    Considered under suspension of the rules. (consideration: CR H6181-6183)


  • July 24, 2017
    DEBATE - The House proceeded with forty minutes of debate on H.R. 2364.


  • July 24, 2017
    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H6181-6182)


  • July 24, 2017
    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H6181-6182)


  • July 24, 2017
    Motion to reconsider laid on the table Agreed to without objection.


  • July 25, 2017
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Commerce

Related Bills

  • S 115-488: Encouraging Employee Ownership Act
  • HR 115-5515: John S. McCain National Defense Authorization Act for Fiscal Year 2019
  • HR 115-6147: Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019
Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capitalSmall business

Investing in Main Street Act of 2017

USA115th CongressHR-2364| House 
| Updated: 7/25/2017
(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.) Investing in Main Street Act of 2017 (Sec. 2) This bill amends the Small Business Investment Act of 1958 to increase from 5% to 15% of its capital and surplus, the amount a national bank, a member bank of the Federal Reserve System, a nonmember insured bank (to the extent permitted under applicable state law), or a federal savings association may invest in one or more small business investment companies (SBICs), or in any entity established to invest solely in SBICs. The increase is subject to the approval of the appropriate federal banking agency.

Bill Text Versions

View Text
4 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 4, 2017
Introduced in House
May 4, 2017
Referred to the House Committee on Small Business.
Jun 15, 2017
Ordered to be Reported.
Jun 15, 2017
Committee Consideration and Mark-up Session Held.
Jul 12, 2017
Placed on the Union Calendar, Calendar No. 152.
Jul 12, 2017
Reported by the Committee on Small Business. H. Rept. 115-216.
Jul 24, 2017
Mr. Chabot moved to suspend the rules and pass the bill.
Jul 24, 2017
Considered under suspension of the rules. (consideration: CR H6181-6183)
Jul 24, 2017
DEBATE - The House proceeded with forty minutes of debate on H.R. 2364.
Jul 24, 2017
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H6181-6182)
Jul 24, 2017
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H6181-6182)
Jul 24, 2017
Motion to reconsider laid on the table Agreed to without objection.
Jul 25, 2017
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • May 4, 2017
    Introduced in House


  • May 4, 2017
    Referred to the House Committee on Small Business.


  • June 15, 2017
    Ordered to be Reported.


  • June 15, 2017
    Committee Consideration and Mark-up Session Held.


  • July 12, 2017
    Placed on the Union Calendar, Calendar No. 152.


  • July 12, 2017
    Reported by the Committee on Small Business. H. Rept. 115-216.


  • July 24, 2017
    Mr. Chabot moved to suspend the rules and pass the bill.


  • July 24, 2017
    Considered under suspension of the rules. (consideration: CR H6181-6183)


  • July 24, 2017
    DEBATE - The House proceeded with forty minutes of debate on H.R. 2364.


  • July 24, 2017
    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H6181-6182)


  • July 24, 2017
    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H6181-6182)


  • July 24, 2017
    Motion to reconsider laid on the table Agreed to without objection.


  • July 25, 2017
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Judy Chu

Judy Chu

Democratic Representative

California

Cosponsors (2)
Stephen Knight (Republican)Grace Meng (Democratic)

Small Business Committee, Banking, Housing, and Urban Affairs Committee

Commerce

Related Bills

  • S 115-488: Encouraging Employee Ownership Act
  • HR 115-5515: John S. McCain National Defense Authorization Act for Fiscal Year 2019
  • HR 115-6147: Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capitalSmall business