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United States · Bill · HR

H.R. 2364 (115th)

Investing in Main Street Act of 2017

referredUnited States· United States Congress· EN

Introduced

4 May 2017

Last action

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Status

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

Sponsors

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Subjects

Discovery layer

Source updated

7 April 2025

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Summary

Investing in Main Street Act of 2017 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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Documents

11 official files

Referred in Senate (text)

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