Investing in Main Street Act of 2021

Senate Bill 2451 - Investing in Main Street Act of 2021: Overview, Status, and Impact

Hozzl · 2022-12-30T10:18:47Z

Explore the details of Senate Bill 2451 Investing in Main Street Act of 2021 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

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.

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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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 2451

Primary Policy Focus

Commerce

Potential 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