H.R. 400

Investing in Main Street Act of 2023

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IIB

118th CONGRESS

1st Session

H. R. 400

IN THE SENATE OF THE UNITED STATES

January 26, 2023

Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs

AN ACT

To amend the Small Business Investment Act of 1958 to increase the amount that may be invested in small business investment companies.

1.

Short title

This Act may be cited as the Investing in Main Street Act of 2023.

2.

Investment in small business investment companies

Section 302(b) of the Small Business Investment Act of 1958 (15 U.S.C. 682(b)) is amended—

(1)

in paragraph (1), by striking 5 percent and inserting 15 percent; and

(2)

in paragraph (2), by striking 5 percent and inserting 15 percent.

Passed the House of Representatives January 25, 2023.

Cheryl L. Johnson,

Clerk.