HR 400
118th Congress
House
Commerce
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business investment and capital
Small business
Investing in Main Street Act of 2023
Everywhere this bill has been
11 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 26, 2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 25, 2023
Motion to reconsider laid on the table Agreed to without objection.
Jan 25, 2023
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)
Jan 25, 2023
Passed/agreed to in House: 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)
Jan 25, 2023
Considered as unfinished business. (consideration: CR H312-313)
Jan 25, 2023
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.
Jan 25, 2023
DEBATE - The House proceeded with forty minutes of debate on H.R. 400.
Jan 25, 2023
Considered under suspension of the rules. (consideration: CR H304-306)
Jan 25, 2023
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Jan 20, 2023
Referred to the House Committee on Small Business.
Jan 20, 2023
Introduced in House
Votes taken on this bill
1
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Jan 25, 2023 | House · vote #35 | On Motion to Suspend the Rules and Pass | Passed | 411–13 | See who voted → |
Plain-English summary
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%.
What's happening now
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
2