HR2364: Investing in Main Street Act of 2017

By | January 29, 2018
The Seal of the US Department of Treasury

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.

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