Investing in Main Street Act of 2023
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Roll calls on this bill
Votes on passage
Passed
- Democratic205 Yea · 0 Nay · 7 Not voting
- Republican206 Yea · 13 Nay · 3 Not voting
- Independent / Other0 Yea · 0 Nay · 0 Not voting
Official summary (CRS)Full text on congress.gov ↗
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%.
Status
1/20/23Referred to the House Committee on Small Business.
1/20/23Introduced in House
1/25/23Motion to reconsider laid on the table Agreed to without objection.
1/25/23On 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)
1/25/23Passed/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)
1/25/23Considered as unfinished business. (consideration: CR H312-313)
1/25/23At 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.
1/25/23DEBATE - The House proceeded with forty minutes of debate on H.R. 400.
1/25/23Considered under suspension of the rules. (consideration: CR H304-306)
1/25/23Mr. Williams (TX) moved to suspend the rules and pass the bill.
1/26/23Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.