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Official title: To amend the Small Business Investment Act of 1958 to increase the amount that may be invested in small business investment companies.
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How Congress Voted
What Happened in Congress?
✓Passed the House
February 24, 2025
HousePassed by voice vote
Where the Bill Stands
✓Introduced, done
✓Committee, done
✓Floor Vote, done
4Outcome, current stage
What This Bill Does
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%.
SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
House floor actionsMr. Williams (TX) moved to suspend the rules and pass the bill.
Passed the House
Library of CongressIntroduced in House
House floor actionsReferred to the House Committee on Small Business.
Introduced
Committee
Comments
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What Congress Said
Members who spoke about this bill on the floor, in their own words from the Congressional Record.
Republicans2 spoke
I rise today in support of H.R. 754, the Investing in Main Street Act of 2025, led by my colleagues, Representatives Chu, Finstad, McIver, and Garbarino.
I rise today in support of H.R. 754, the Investing in Main Street Act of 2025, legislation which I am honored to co-lead with my colleague from California.
I rise in strong support of my bill, H.R. 754, the Investing in Main Street Act of 2025, which would spur innovation, entrepreneurship, and growth in our small businesses nationwide.
Small businesses are the backbone of our local economy. COVID-19 shuttered the doors of many beloved local businesses, and many more are still continuing on a path of financial recovery. Now, with sky-high prices and rising inflation, small businesses need our support more than ever.
Comments
Comments with insults, hate speech or personal information are removed.