[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 400 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 400

  To amend the Small Business Investment Act of 1958 to increase the 
  amount that may be invested in small business investment companies.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 20, 2023

Ms. Chu (for herself and Mr. Garbarino) introduced the following bill; 
         which was referred to the Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
  To amend the Small Business Investment Act of 1958 to increase the 
  amount that may be invested in small business investment companies.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Investing in Main Street Act of 
2023''.

SEC. 2. INVESTMENT IN SMALL BUSINESS INVESTMENT COMPANIES.

    Section 302(b) of the Small Business Investment Act of 1958 (15 
U.S.C. 682(b)) is amended--
            (1) in paragraph (1), by striking ``5 percent'' and 
        inserting ``15 percent''; and
            (2) in paragraph (2), by striking ``5 percent'' and 
        inserting ``15 percent''.
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