[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 3730 Introduced in Senate (IS)]

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118th CONGRESS
  2d Session
                                S. 3730

  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 SENATE OF THE UNITED STATES

                            February 1, 2024

 Mr. Young (for himself, Ms. Duckworth, and Mr. Risch) introduced the 
 following bill; which was read twice and referred to the Committee on 
                  Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 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 
2024''.

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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