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Investing in Main Street Act of 2021
12/30/2022, 10:18 AM
Congressional Summary of S 2451
Investing in Main Street Act of 2021
This bill authorizes 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.
Read the Full Bill
Current Status of Bill S 2451
Bill S 2451 is currently in the status of Bill Introduced since July 22, 2021. Bill S 2451 was introduced during Congress 117 and was introduced to the Senate on July 22, 2021. Bill S 2451's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of July 22, 2021
Bipartisan Support of Bill S 2451
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
1Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 2451
Primary Policy Focus
CommercePotential Impact Areas
- Administrative law and regulatory procedures
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Business investment and capital
- Small business
Alternate Title(s) of Bill S 2451
Investing in Main Street Act of 2021
A bill to amend the Small Business Investment Act of 1958 to increase the amount that certain banks and savings associations may invest in small business investment companies, subject to the approval of the appropriate Federal banking agency, and for other purposes.
Investing in Main Street Act of 2021
Comments
Sponsors and Cosponsors of S 2451
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