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- S.1994
S.1994: Investing in Main Street Act of 2019
About This Bill
- Introduced June 26, 2019
- Latest Major Action June 26, 2019
Bill Sponsor
Bill Version
- Introduced in Senate - June 26, 2019
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: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| June 26, 2019 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| June 26, 2019 |
Introduced in the Senate by Todd Young (R-Ind.) |