S 2451
117th Congress
Senate
Commerce
Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business investment and capital
Small business
Investing in Main Street Act of 2021
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 22, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 22, 2021
Introduced in Senate
Plain-English summary
Investing in Main Street Act of 2021
This bill authorizes 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