US SB1994 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on June 26 2019 - 25% progression, died in committee
Action: 2019-06-26 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 26 2019 - 25% progression, died in committee
Action: 2019-06-26 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Small Business Investment Act of 1958 to permit certain banking entities, subject to the approval of the appropriate federal banking agency, 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.
Title
Investing in Main Street Act of 2019
Sponsors
| Sen. Todd Young [R-IN] | Sen. Tammy Duckworth [D-IL] | Sen. James Risch [R-ID] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-06-26 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
HB116 (Same As) 2019-01-15 - Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Subjects
Administrative law and regulatory procedures
Banking and financial institutions regulation
Business investment and capital
Commerce
Small business
Banking and financial institutions regulation
Business investment and capital
Commerce
Small business
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1994/all-info |
| Text | https://www.congress.gov/116/bills/s1994/BILLS-116s1994is.pdf |
