Investing in Main Street Act of 2024

Bill: 118-s-3730
Sponsor: full_name: Sen. Young, Todd [R-IN]
Introduced: 2024-02-01
Policy area: Commerce
Latest action: action_date: 2024-02-01
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:

tv_txt: II 118th CONGRESS 2d Session S. 3730 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.

1. Short title This Act may be cited as the Investing in Main Street Act of 2024 . 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 .