HR 2364 · 115th Congress · Commerce
Investing in Main Street Act of 2017
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2017-07-25)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 2364, Investing in Main Street Act of 2017
Jul 19, 2017As reported by the House Committee on Small Business on July 12, 2017
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office