Investing in Main Street Act of 2017
Latest action · Jul 25, 2017 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 4, 2017
- Passed HouseJul 24, 2017
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
(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.
Cosponsors 2
Members who signed on, in the order they did. All signed on May 4, 2017.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Grace Meng | Original | May 4, 2017 |
| R-CA | Stephen Knight | Original | May 4, 2017 |
Actions 13
Everything that happened, newest first.
- Jul 25, 2017Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jul 24, 2017Considered under suspension of the rules. (consideration: CR H6181-6183)
- Jul 24, 2017DEBATE - The House proceeded with forty minutes of debate on H.R. 2364.
- Jul 24, 2017Motion to reconsider laid on the table Agreed to without objection.
- Jul 24, 2017Mr. Chabot moved to suspend the rules and pass the bill.
Related bills 3
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 488 | Encouraging Employee Ownership Act | Related bill | Jul 18, 2018 |
| HR 5515 | John S. McCain National Defense Authorization Act for Fiscal Year 2019 | Related bill | Aug 13, 2018 |
| HR 6147 | Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019 | Related bill | Sep 7, 2018 |
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 4
Each version as it was printed, newest first.
- Jul 25, 2017Referred in Senate
- Jul 24, 2017Engrossed in House
- Jul 12, 2017Reported in House
- May 4, 2017Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.