118 HR 400 : Investing in Main Street Act of 2023 U.S. House of Representatives 2023-01-26 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.

IIB118th CONGRESS1st SessionH. R. 400IN THE SENATE OF THE UNITED STATESJanuary 26, 2023Received; read twice and referred to the Committee on Banking, Housing, and Urban AffairsAN ACTTo 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.

Passed the House of Representatives January 25, 2023.Cheryl L. Johnson,Clerk.