legislation: 114-hr-5969

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
114-hr-5969 114 hr 5969 Investing in Main Street Act of 2016 Commerce 2016-09-08 2016-09-08 Referred to the House Committee on Small Business. House Rep. Meng, Grace [D-NY-6] NY D M001188 2 Investing in Main Street Act of 2016 This bill amends the Small Business Investment Act of 1958 to increase from 5% to 15% of its capital and surplus, the amount a national bank, a member bank of the Federal Reserve System, a nonmember insured bank (to the extent permitted under applicable state law), or a federal savings association may invest in one or more small business investment companies (SBICs), or in any entity established to invest solely in SBICs. The increase is subject to the approval of the appropriate federal banking agency. 2023-01-11T13:33:50Z  

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