H.R. 400 — Referred from Senate

IIB 118th CONGRESS 1st Session H. R. 400 IN THE SENATE OF THE UNITED STATES January 26, 2023Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs AN ACT To amend the Small Business Investment Act of 1958 to increase the amount that may be invested in small business investment companies. 1. Short title This Act may be cited as the Investing in Main Street Act of 2023. 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. Passed the House of Representatives January 25, 2023.Cheryl L. Johnson,Clerk.