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Bills
House Bill 400
118th Congress(2023-2024)
Investing in Main Street Act of 2023
Active
Active
Passed House on Jan 25, 2023
Overview
Text
Sponsor
Democrat
Introduced
Jan 20, 2023
Latest Action
Jan 26, 2023
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
400
Congress
118
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
Judy Chu
California
Republican
John James
Michigan
Democrat
Shri Thanedar
Michigan
Republican
Andrew Garbarino
New York
House Votes (2)
Senate Votes (0)
Question
On Motion to Suspend the Rules and Pass
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
2/3 Yea-And-Nay
Roll Number
35
House Roll Call Votes
Summary

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%.

Text (3)
Referred in Senate
January 26, 2023
Engrossed in House
January 25, 2023
Introduced in House
January 20, 2023
Actions (11)
01/26/2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
01/25/2023
Motion to reconsider laid on the table Agreed to without objection.
01/25/2023
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays (2/3 required): 411 - 13 (Roll No. 35). (text: CR H304)
01/25/2023
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays (2/3 required): 411 - 13 (Roll No. 35).(text: CR H304)
01/25/2023
Considered as unfinished business. (consideration: CR H312-313)
01/25/2023
At 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.
01/25/2023
DEBATE - The House proceeded with forty minutes of debate on H.R. 400.
01/25/2023
Considered under suspension of the rules. (consideration: CR H304-306)
01/25/2023
Mr. Williams (TX) moved to suspend the rules and pass the bill.
01/20/2023
Referred to the House Committee on Small Business.
01/20/2023
Introduced in House
Public Record
Record Updated
Mar 17, 2023 5:46:09 PM
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