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Sources

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118-hr-400Committee
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Investing in Main Street Act of 2023

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Summary

Official CRS summary

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%.

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Values analysis

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Bill details

Congress
118
Bill type
hr
Introduced
January 20, 2023
Sponsor
Not yet available
Last action
January 26, 2023— Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

The recorded vote

U.S. HouseJan 25, 2023
341Yea9Nay8Not voting

Counted from roll-call records for sitting members · source: congress.gov

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