Us Congress 2023 2023-2024 Regular Session

Us Congress House Bill HB400 Introduced / Bill

Filed 01/21/2023

                    I 
118THCONGRESS 
1
STSESSION 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. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY20, 2023 
Ms. C
HU(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 busi-
ness investment companies. 
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Investing in Main 4
Street Act of 2023’’. 5
SEC. 2. INVESTMENT IN SMALL BUSINESS INVESTMENT 6
COMPANIES. 7
Section 302(b) of the Small Business Investment Act 8
of 1958 (15 U.S.C. 682(b)) is amended— 9
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•HR 400 IH
(1) in paragraph (1), by striking ‘‘5 percent’’ 1
and inserting ‘‘15 percent’’; and 2
(2) in paragraph (2), by striking ‘‘5 percent’’ 3
and inserting ‘‘15 percent’’. 4
Æ 
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