HR 754

Investing in Main Street Act of 2025

Summary

Investing in Main Street Act of 2025 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%.

Bill status

Status
Passed House
Sponsor
Rep. Judy Chu [D-CA-28]
Cosponsors
4
Policy area
Commerce
Introduced
2025-01-28
Latest action
2025-02-25: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Committee referrals

Recent actions

  • 2025-02-25: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • 2025-02-24: Motion to reconsider laid on the table Agreed to without objection.
  • 2025-02-24: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H743)
  • 2025-02-24: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H743)
  • 2025-02-24: DEBATE - The House proceeded with forty minutes of debate on H.R. 754.