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HR 5969 114th Congress House Commerce Bank accounts, deposits, capital Banking and financial institutions regulation Business investment and capital Small business

Investing in Main Street Act of 2016

Introduced: September 8, 2016 Introduced by: Meng, Grace Democratic · New York See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 8, 2016
Referred to the House Committee on Small Business.
Sep 8, 2016
Introduced in House
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 Plain-English summary Congressional Research Service

Investing in Main Street Act of 2016

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.

What's happening now September 8, 2016

Referred to the House Committee on Small Business.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 5969: Investing in Main Street Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5969/
MLA
"H.R. 5969: Investing in Main Street Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5969/.
Bluebook (legal)
H.R. 5969, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5969/.
Markdown link
[H.R. 5969: Investing in Main Street Act of 2016](https://openamerica.io/bill/114-HR-5969/)
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