H.R.116: Investing in Main Street Act of 2019

About This Bill

Bill Sponsor

Bill Cosponsors

3 (2 Democrats, 1 Republican)

Bill Summary

Investing in Main Street Act of 2019 This bill amends the Small Business Investment Act of 1958 to permit 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.

(Source: Congressional Research Service)

What Lawmakers Are Saying About This Bill

There are 2 statements associated with H.R.116.

Bill Actions

Date Description
Jan. 15
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Jan. 14

On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 403 - 2 (Roll no. 30). (text: CR H522)

Jan. 14
Considered as unfinished business. (consideration: CR H534)
Jan. 14
Considered under suspension of the rules. (consideration: CR H522-524)
Jan. 14
Motion to reconsider laid on the table Agreed to without objection.
Jan. 14

On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 403 - 2 (Roll no. 30).

Jan. 14
Considered as unfinished business.
Jan. 14
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.
Jan. 14
DEBATE - The House proceeded with forty minutes of debate on H.R. 116.
Jan. 14
Considered under suspension of the rules.
Jan. 14
Ms. Velazquez moved to suspend the rules and pass the bill.
Jan. 3
Referred to the House Committee on Small Business.
Jan. 3

Introduced in the House by Judy Chu (D-Calif.)

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