Investing in Main Street Act of 2024
This bill increases the investment threshold for small business investment companies (SBICs) from 5% to 15% of their capital commitments. It directly affects SBICs, which provide capital to small businesses, by allowing them to allocate a larger portion of their funds to qualifying small business investments. The key provision amends the Small Business Investment Act of 1958 to adjust these thresholds, making it easier for SBICs to support small business growth.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2024
Committee Review
Floor Vote
President
Introduced Feb 1, 2024
Last action Feb 1, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 1, 2024
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Feb 1, 2024
Introduced
Introduced in Senate
upper
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Todd Young
RRepublican
Co
James E. Risch
RRepublican
Co
Raphael G. Warnock
DDemocratic
Co
Tammy Duckworth
DDemocratic
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