Investing in Main Street Act of 2023
USA118th CongressHR-400| House
| Updated: 1/26/2023
Judy Chu
Democratic Representative
California
Small Business Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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%.
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Timeline
Introduced in House
Referred to the House Committee on Small Business.
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H304-306)
DEBATE - The House proceeded with forty minutes of debate on H.R. 400.
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.
Considered as unfinished business. (consideration: CR H312-313)
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). (text: CR H304)
View VoteMotion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Commerce
Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capitalSmall business
Investing in Main Street Act of 2023
USA118th CongressHR-400| House
| Updated: 1/26/2023
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%.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Small Business.
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H304-306)
DEBATE - The House proceeded with forty minutes of debate on H.R. 400.
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.
Considered as unfinished business. (consideration: CR H312-313)
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). (text: CR H304)
View VoteMotion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Judy Chu
Democratic Representative
California
Small Business Committee, Banking, Housing, and Urban Affairs Committee
Commerce
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capitalSmall business