Investing in Main Street Act of 2016

Summary

Investing in Main Street Act of 2016 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

3 official files

• Introduced in House (text)

  Introduced in House · EN · 8 September 2016

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• Introduced in House (PDF)

  Introduced in House · EN · 8 September 2016

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• Introduced in House

  summary · EN · 8 September 2016

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