S 2451
Investing in Main Street Act of 2021
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- Passed Senate
- Passed House
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- Became Law
Bill overview
The Investing in Main Street Act of 2021 aims to support small businesses by increasing the amount banks and savings associations can invest in small business investment companies (SBICs). This bill allows these financial institutions to invest up to 15% of their capital and surplus in SBICs, with approval from their respective federal banking agencies. The goal is to boost lending and investment opportunities for small businesses across the country. It amends the Small Business Investment Act of 1958 to facilitate these investments.
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