
The Seal of the US Department of Treasury. HR10 would eliminate the Treasuries department of financial research among other financial institution regulatory changes if passed.
Increases from 5% to 15% of its capital and surplus, the amount a bank may invest in one or more small business investment companies (SBICs), or in any entity established to invest solely in SBICs.
Official Summary
Passed House
2017-07-24
Passed Senate
Signed by President
Became Public Law
Amendments
None.
Sponsors
Original sponsor: Rep. Chu, Judy [D-CA-27]
Cosponsors: Rep. Meng, Grace [D-NY-6], Rep. Knight, Stephen [R-CA-25]
Votes
Passed House by voice vote.