HOUSE 400118th CongressReferred to the Subcommittee on Water Resources and Environment.

Commending the Tennessee Valley Authority on the 90th anniversary of the signing of the Tennessee Valley Authority Act of 1933.

Last Action: 5/16/2023

Actions

2023-01-26Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2023-01-25Motion to reconsider laid on the table Agreed to without objection.
2023-01-25On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays (2/3 required): 411 - 13 (Roll No. 35). (text: CR H304)
2023-01-25Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays (2/3 required): 411 - 13 (Roll No. 35). (text: CR H304)
2023-01-25Considered as unfinished business. (consideration: CR H312-313)
2023-01-25At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
2023-01-25DEBATE - The House proceeded with forty minutes of debate on H.R. 400.
2023-01-25Considered under suspension of the rules. (consideration: CR H304-306)
2023-01-25Mr. Williams (TX) moved to suspend the rules and pass the bill.
2023-01-20Referred to the House Committee on Small Business.
2023-01-20Introduced in House
2023-01-20Introduced in House

CRS Summary

As of 2023-01-25 (53)

Investing in Main Street Act of 2023

This bill authorizes certain banking entities to invest up to 15% of their capital and surplus in one or more small business investment companies (SBICs) or in any entity established to invest solely in SBICs. The current limit is 5%.

Cosponsors (3)

Andrew Garbarino (R-NY)
John James (R-MI)
Shri Thanedar (D-MI)

Subjects

Bank accounts, deposits, capital
Banking and financial institutions regulation
Business investment and capital
Small business

Read on Congress.gov

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