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Bill115th CongressFiled May 4, 2017Commerce
H.R. 2364

Investing in Main Street Act of 2017

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary passed house without amendment (Jul 24, 2017)

(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)

Investing in Main Street Act of 2017

(Sec. 2) 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.

What just happenedJul 25, 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Chu, Judy [D-CA-27](D-CA)Sponsor
2 cosponsors1 D1 R
Read on Congress.gov
2cosponsors2committees15actions3related bills4subjects
  1. Jul 25, 2017IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Jul 24, 2017FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Jul 24, 2017FloorH37300

    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H6181-6182)

  4. Jul 24, 2017Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H6181-6182)

  5. Jul 24, 2017FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 2364.

  6. Jul 24, 2017FloorH30000

    Considered under suspension of the rules. (consideration: CR H6181-6183)

  7. Jul 24, 2017FloorH30300

    Mr. Chabot moved to suspend the rules and pass the bill.

  8. Jul 12, 2017CalendarsH12410

    Placed on the Union Calendar, Calendar No. 152.

  9. Jul 12, 2017CommitteeH12200

    Reported by the Committee on Small Business. H. Rept. 115-216.

    Small Business Committee
  10. Jul 12, 2017Committee5000

    Reported by the Committee on Small Business. H. Rept. 115-216.

    Small Business Committee
  11. Jun 15, 2017Committee

    Ordered to be Reported.

    Small Business Committee
  12. Jun 15, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Small Business Committee
  13. May 4, 2017IntroReferralH11100

    Referred to the House Committee on Small Business.

    Small Business Committee
  14. May 4, 2017IntroReferralIntro-H

    Introduced in House

  15. May 4, 2017IntroReferral1000

    Introduced in House

Passed House without amendmentJul 24, 201781

(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)

Investing in Main Street Act of 2017

(Sec. 2) 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.

Reported to House without amendmentJul 12, 201779

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Investing in Main Street Act of 2017

(Sec. 2) 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.

Introduced in HouseMay 4, 2017

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.

Investing in Main Street Act of 2017 — Informed