Investing in Main Street Act of 2023

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Jan 26, 2023

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%.