Investing in Main Street Act of 2021

Bill: 117-hr-4256
Sponsor: Rep. Chu, Judy [D-CA-27]
Introduced: 2021-06-30 in the House
Policy area: Commerce
Subjects: Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Business investment and capital
Small business

Summary:
action_date: 2021-06-30
text: 

Investing in Main Street Act of 2021

 
This bill authorizes certain banking entities, subject to the approval of the appropriate federal banking agency, 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.

action_date: 2021-10-12
text: 

Investing in Main Street Act of 2021

 
This bill authorizes certain banking entities, subject to the approval of the appropriate federal banking agency, 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.

action_date: 2021-11-02
text: 

Investing in Main Street Act of 2021

 
This bill authorizes certain banking entities, subject to the approval of the appropriate federal banking agency, 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.


Legislative actions:
action_date: 2021-11-03
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2021-11-02
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2021-11-02
text: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 413 - 10 (Roll no. 349). (text: CR H6087)
action_date: 2021-11-02
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 413 - 10 (Roll no. 349).(text: CR H6087)
action_date: 2021-11-02
text: Considered as unfinished business. (consideration: CR H6100)
action_date: 2021-11-02
text: At 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.
action_date: 2021-11-02
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 4256.
action_date: 2021-11-02
text: Considered under suspension of the rules. (consideration: CR H6087-6088)
action_date: 2021-11-02
text: Ms. Velazquez moved to suspend the rules and pass the bill, as amended.
action_date: 2021-10-12
text: Placed on the Union Calendar, Calendar No. 100.
action_date: 2021-10-12
text: Reported by the Committee on Small Business. H. Rept. 117-140.
action_date: 2021-10-12
text: Reported by the Committee on Small Business. H. Rept. 117-140.
action_date: 2021-07-29
text: Ordered to be Reported by Voice Vote.
action_date: 2021-07-29
text: Committee Consideration and Mark-up Session Held.
action_date: 2021-06-30
text: Referred to the House Committee on Small Business.
action_date: 2021-06-30
text: Introduced in House
action_date: 2021-06-30
text: Introduced in House