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H.R. 2364 115th Congress House

Investing in Main Street Act of 2017

Official title: To amend the Small Business Investment Act of 1958 to increase the amount that certain banks and savings associations may invest in small business investment c… Show full official titleShow less

Official title: To amend the Small Business Investment Act of 1958 to increase the amount that certain banks and savings associations may invest in small business investment companies, subject to the approval of the appropriate Federal banking agency, and for other purposes.

Introduced: May 4, 2017 Introduced by: Judy Chu Democratic · California See on congress.gov
Commerce Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capitalSmall business
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 13 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 25, 2017
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 24, 2017
Motion to reconsider laid on the table Agreed to without objection.
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
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
DEBATE - The House proceeded with forty minutes of debate on H.R. 2364.
Jul 24, 2017
Considered under suspension of the rules. (consideration: CR H6181-6183)
Jul 24, 2017
Mr. Chabot moved to suspend the rules and pass the bill.
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.
Jun 15, 2017
Ordered to be Reported.
Jun 15, 2017
Committee Consideration and Mark-up Session Held.
May 4, 2017
Referred to the House Committee on Small Business.
May 4, 2017
Introduced in House
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 Latest action July 25, 2017

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

 Plain-English summary Congressional Research Service

(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.

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 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 1
Knight, Stephen
· May 4, 2017
 D
Meng, Grace
New York · May 4, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2364: Investing in Main Street Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2364/
MLA
"H.R. 2364: Investing in Main Street Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2364/.
Bluebook (legal)
H.R. 2364, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2364/.
Markdown link
[H.R. 2364: Investing in Main Street Act of 2017](https://openamerica.io/bill/115-HR-2364/)
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