Investing in Main Street Act of 2017
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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-07-25 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2017-07-24 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2017-07-24 | Floor | On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H6181-6182) | House floor actions |
| 2017-07-24 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 2364. | House floor actions |
| 2017-07-24 | Floor | Considered under suspension of the rules. (consideration: CR H6181-6183) | House floor actions |
| 2017-07-24 | Floor | Mr. Chabot moved to suspend the rules and pass the bill. | House floor actions |
| 2017-07-12 | Calendars | Placed on the Union Calendar, Calendar No. 152. | House floor actions |
| 2017-07-12 | Committee | Reported by the Committee on Small Business. H. Rept. 115-216. | House floor actions |
| 2017-06-15 | Committee | Ordered to be Reported. | House committee actions |
| 2017-06-15 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2017-05-04 | IntroReferral | Referred to the House Committee on Small Business. | House floor actions |
| 2017-05-04 | IntroReferral | Introduced in House | Library of Congress |