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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

Introduced: January 20, 2023 Introduced by: Chu, Judy Democratic · California See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 10 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
Considered as unfinished business. (consideration: CR H312-313)
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 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 20, 2023
Introduced in House
Jan 20, 2023
Referred to the House Committee on Small Business.
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Jan 25, 2023 House · vote #35 On Motion to Suspend the Rules and Pass Passed 411–13 See who voted →
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 Plain-English summary Congressional Research Service

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 January 26, 2023

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

 Related & companion bills 1
  • S 3730 Related bill Investing in Main Street Act of 2024
 Bill text 3 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 1 Republican 2
D
Thanedar, Shri
Michigan · Jan 25, 2023
 R
James, John
Michigan · Jan 24, 2023
 R
Garbarino, Andrew R.
New York · Jan 20, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 400: Investing in Main Street Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-400/
MLA
"H.R. 400: Investing in Main Street Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-400/.
Bluebook (legal)
H.R. 400, 118th Cong. (2026), https://openamerica.io/bill/118-HR-400/.
Markdown link
[H.R. 400: Investing in Main Street Act of 2023](https://openamerica.io/bill/118-HR-400/)
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