Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
114-hr-5969114th Congress
Investing in Main Street Act of 2016
Sponsored By: Representative Meng, Grace [D-NY-6]
Unknown
Summary
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.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Meng, Grace [D-NY-6]
NY • D
Cosponsors
Rep. Knight, Stephen [R-CA-25]
CA • R
Sponsored 9/8/2016
Rep. Curbelo, Carlos [R-FL-26]
FL • R
Sponsored 9/8/2016
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov