118 HR 400 IH: Investing in Main Street Act of 2023 U.S. House of Representatives 2023-01-20 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.

I118th CONGRESS1st SessionH. R. 400IN THE HOUSE OF REPRESENTATIVESJanuary 20, 2023Ms. Chu (for herself and Mr. Garbarino) introduced the following bill; which was referred to the Committee on Small BusinessA BILLTo amend the Small Business Investment Act of 1958 to increase the amount that may be invested in small business investment companies.

1.

Short title

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

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.