H.R. 400 explained · 118th Congress · Not enacted (118th Congress ended)
Investing in Main Street Act of 2023
Cosponsors: 3 (1 D, 2 R) · per Congress.gov, 2026-10-11
Introduced: 2023-01-20
Latest action (2023-01-26): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
What H.R. 400 does, in plain terms
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%.
Official summary by the Congressional Research Service, via Congress.gov.
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