H.R. 400
Lets banks invest up to 15% of capital in small business investment companies, up from 5%, increasing capital for small firms.
Medium confidence
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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%.
Summary by the Congressional Research Service, passed house version.
On Motion to Suspend the Rules and Pass, Jan 25, 2023 · Passed