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Investing in Main Street Act of 2023

H.R. 400 · 118th Congress · Jan 26, 2023 · Lineage

AN ACT

To amend the Small Business Investment Act of 1958 to increase the amount that may be invested in small business investment companies.

Section 1 Short title

This Act may be cited as the “Investing in Main Street Act of 2023”.

Sec. 2 Investment in small business investment companies

Section 302(b) of the Small Business Investment Act of 1958 (15 U.S.C. 682(b)) is amended—
(1)
in paragraph (1), by striking “5 percent” and inserting “15 percent”; and
(2)
in paragraph (2), by striking “5 percent” and inserting “15 percent”.