| 1 | 1 | | II |
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| 2 | 2 | | 118THCONGRESS |
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| 3 | 3 | | 2 |
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| 4 | 4 | | DSESSION S. 3730 |
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| 5 | 5 | | To amend the Small Business Investment Act of 1958 to increase the amount |
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| 6 | 6 | | that may be invested in small business investment companies. |
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| 7 | 7 | | IN THE SENATE OF THE UNITED STATES |
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| 8 | 8 | | FEBRUARY1, 2024 |
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| 9 | 9 | | Mr. Y |
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| 10 | 10 | | OUNG(for himself, Ms. DUCKWORTH, and Mr. RISCH) introduced the |
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| 11 | 11 | | following bill; which was read twice and referred to the Committee on |
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| 12 | 12 | | Banking, Housing, and Urban Affairs |
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| 13 | 13 | | A BILL |
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| 14 | 14 | | To amend the Small Business Investment Act of 1958 to |
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| 15 | 15 | | increase the amount that may be invested in small busi- |
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| 16 | 16 | | ness investment companies. |
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| 17 | 17 | | Be it enacted by the Senate and House of Representa-1 |
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| 18 | 18 | | tives of the United States of America in Congress assembled, 2 |
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| 19 | 19 | | SECTION 1. SHORT TITLE. 3 |
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| 20 | 20 | | This Act may be cited as the ‘‘Investing in Main 4 |
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| 21 | 21 | | Street Act of 2024’’. 5 |
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| 22 | 22 | | SEC. 2. INVESTMENT IN SMALL BUSINESS INVESTMENT 6 |
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| 23 | 23 | | COMPANIES. 7 |
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| 24 | 24 | | Section 302(b) of the Small Business Investment Act 8 |
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| 25 | 25 | | of 1958 (15 U.S.C. 682(b)) is amended— 9 |
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| 26 | 26 | | VerDate Sep 11 2014 20:54 Feb 06, 2024 Jkt 049200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S3730.IS S3730 |
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| 27 | 27 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
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| 28 | 28 | | •S 3730 IS |
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| 29 | 29 | | (1) in paragraph (1), by striking ‘‘5 percent’’ 1 |
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| 30 | 30 | | and inserting ‘‘15 percent’’; and 2 |
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| 31 | 31 | | (2) in paragraph (2), by striking ‘‘5 percent’’ 3 |
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| 32 | 32 | | and inserting ‘‘15 percent’’. 4 |
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| 33 | 33 | | Æ |
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| 34 | 34 | | VerDate Sep 11 2014 20:54 Feb 06, 2024 Jkt 049200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\S3730.IS S3730 |
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| 35 | 35 | | ssavage on LAPJG3WLY3PROD with BILLS |
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