S 1994
116th Congress
Senate
Commerce
Administrative law and regulatory procedures
Banking and financial institutions regulation
Business investment and capital
Small business
Investing in Main Street Act of 2019
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 26, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 26, 2019
Introduced in Senate
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1