3.0.0 5969 2023-01-11T13:33:50Z 2023-01-11T13:33:50Z House HR 2016-09-08 114 [Congressional Record Volume 162, Number 135 (Thursday, September 8, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. MENG:H.R. 5969.Congress has the power to enact this legislation pursuantto the following:U.S. Constitution, Article I, Section 8[Page H5224]]]> hssm00 Small Business Committee House Standing Referred to 2016-09-08T14:04:00Z 2016-09-08 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2016-09-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-09-08 Introduced in House IntroReferral 1000 9 Library of Congress M001188 Rep. Meng, Grace [D-NY-6] Grace Meng D NY 6 N C001107 Rep. Curbelo, Carlos [R-FL-26] Carlos Curbelo R FL 26 2016-09-08 True K000387 Rep. Knight, Stephen [R-CA-25] Stephen Knight R CA 25 2016-09-08 True Commerce Bank accounts, deposits, capital Banking and financial institutions regulation Business investment and capital Small business Commerce 00 2016-09-08 Introduced in House 2016-10-20T14:58:07Z Investing in Main Street Act of 2016

This bill amends the Small Business Investment Act of 1958 to increase from 5% to 15% of its capital and surplus, the amount a national bank, a member bank of the Federal Reserve System, a nonmember insured bank (to the extent permitted under applicable state law), or a federal savings association may invest in one or more small business investment companies (SBICs), or in any entity established to invest solely in SBICs. The increase is subject to the approval of the appropriate federal banking agency.

]]> Investing in Main Street Act of 2016 Display Title Investing in Main Street Act of 2016 Short Titles as Introduced Investing in Main Street Act of 2016 Official Title as Introduced To amend the Small Business Investment Act of 1958 to increase the amount that certain banks and savings associations may invest in small business investment companies, subject to the approval of the appropriate Federal banking agency, and for other purposes. Introduced in House 2016-09-08T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr5969ih/xml/BILLS-114hr5969ih.xml 2016-09-08 Referred to the House Committee on Small Business. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.