Investing in Main Street Act of 2019
USA116th CongressS-1994| Senate
| Updated: 6/26/2019
Todd Young
Republican Senator
Indiana
Cosponsors (2)
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Latest Companion Bill Action
HR 116-116Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Commerce
Administrative law and regulatory proceduresBanking and financial institutions regulationBusiness investment and capitalSmall business
Investing in Main Street Act of 2019
USA116th CongressS-1994| Senate
| Updated: 6/26/2019
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Latest Companion Bill Action
HR 116-116Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Todd Young
Republican Senator
Indiana
Cosponsors (2)
Banking, Housing, and Urban Affairs Committee
Commerce
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresBanking and financial institutions regulationBusiness investment and capitalSmall business