Investing in Main Street Act of 2021
Latest action · Nov 3, 2021 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.
- IntroducedJun 30, 2021
- Passed HouseNov 2, 2021
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Investing in Main Street Act of 2021
This bill authorizes certain banking entities, subject to the approval of the appropriate federal banking agency, 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.
Recorded votes 1
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 349 | On Motion to Suspend the Rules and Pass, as Amended | Passed413–10 | Nov 2, 2021 |
Cosponsors 1
Members who signed on, in the order they did. All signed on Jun 30, 2021.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-NY | Andrew R. Garbarino | Original | Jun 30, 2021 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Small Business Committee | Referred Jun 30, 2021Markup Jul 29, 2021Reported Oct 12, 2021 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Nov 3, 2021 |
Actions 14
Everything that happened, newest first.
- Nov 3, 2021Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Nov 2, 2021Ms. Velazquez moved to suspend the rules and pass the bill, as amended.
- Nov 2, 2021Considered under suspension of the rules. (consideration: CR H6087-6088)
- Nov 2, 2021DEBATE - The House proceeded with forty minutes of debate on H.R. 4256.
- Nov 2, 2021At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
- Nov 2, 2021Considered as unfinished business. (consideration: CR H6100)
- Nov 2, 2021Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 413 - 10 (Roll no. 349). (text: CR H6087)
- Nov 2, 2021Motion to reconsider laid on the table Agreed to without objection.
- Oct 12, 2021Reported by the Committee on Small Business. H. Rept. 117-140.
- Oct 12, 2021Placed on the Union Calendar, Calendar No. 100.
- Jul 29, 2021Committee Consideration and Mark-up Session Held.
- Jul 29, 2021Ordered to be Reported by Voice Vote.
- Jun 30, 2021Introduced in House
- Jun 30, 2021Referred to the House Committee on Small Business.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H6087, H6088Text printed H6087Recorded votes H6100enactLists H6100Votes recorded by proxy on H.R. 4256, Investing in Main Street ActNotices H6123Estimated budget effects of H.R. 4256, Investing in Main Street Act | Andrew R. Garbarino R-NY, Blaine Luetkemeyer R-MO, John A. Yarmuth D-KY, Judy Chu D-CA, Nydia M. Velázquez D-NY | Nov 2, 2021 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Feb 22, 2022H.R. 4256, Investing in Main Street Act of 2021As passed by the House of Representatives on November 2, 2021
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 167, no. 114, June 30, 2021, page H3580.
Printed hearings 2
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 117-029 | MARKUP OF: H.R. 4256, "INVESTING IN MAIN STREET ACT OF 2021", H.R. 4481, "SMALL BUSINESS 7(A) LOAN AGENT TRANSPARENCY ACT", H.R. 4531, "7(A) LOAN AGENT OVERSIGHT ACT", H.R. 3469, "VETERAN ENTREPRENEURSHIP TRAINING ACT OF 2021", H.R. 3462, "SBA CYBER AWARENESS ACT", H.R. 4515, "SMALL BUSINESS DEVELOPMENT CENTER CYBER TRAINING ACT OF 2021", H.R. 4513, "SMALL BUSINESS ADVANCED CYBERSECURITY ENHANCEMENTS ACT OF 2021"66 pages | Small Business Committee | Jul 29, 2021 |
| Serial No. 117-025 | INNOVATION AS A CATALYST FOR NEW JOBS: SBA's INNOVATION INITIATIVES60 pages | Small Business Committee | Jul 14, 2021 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 116 | Investing in Main Street Act of 2019 | Reintroduction of | Jan 15, 2019 |
| S 2451 | Investing in Main Street Act of 2021 | Identical bill | Jul 22, 2021 |
Titles 5
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Small Business Investment Act of 1958 to increase the amount that certain banks and savings associations may invest in small business investment companies, subject to the approval of the appropriate Federal banking agency, and for other purposes.
- Short Title(s) as Introduced
- Investing in Main Street Act of 2021
- Short Title(s) as Reported to House
- Investing in Main Street Act of 2021
- Short Title(s) as Passed House
- Investing in Main Street Act of 2021
- Short Titles from RFS (Referred to Senate) bill text
- Investing in Main Street Act of 2021
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 4
Each version as it was printed, newest first.
- Nov 3, 2021Referred in Senate
- Nov 2, 2021Engrossed in House
- Oct 12, 2021Reported in House
- Jun 30, 2021Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
