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House Bill 400
118th Congress(2023-2024)
Investing in Main Street Act of 2023
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Passed House on Jan 25, 2023
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H. R. 400 (Introduced-in-House)


118th CONGRESS
1st Session
H. R. 400


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

IN THE HOUSE OF REPRESENTATIVES

January 20, 2023

Ms. Chu (for herself and Mr. Garbarino) introduced the following bill; which was referred to the Committee on Small Business

A BILL

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

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

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

SEC. 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”.