# 114-hr-5969: Investing in Main Street Act of 2016

114-hr-5969, Investing in Main Street Act of 2016, is a 114th Congress bill sponsored by Rep. Meng, Grace [D-NY-6] (D-NY); status Referred to the House Committee on Small Business. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-5969
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-5969
- Congress: 114
- Title: Investing in Main Street Act of 2016
- Status: Referred to the House Committee on Small Business.
- Introduced: 2016-09-08
- Sponsor: Rep. Meng, Grace [D-NY-6] (D-NY)
- Cosponsors: 2
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (2)

- Rep. Knight, Stephen [R-CA-25] (R-CA), 2016-09-08T00:00:00.000Z
- Rep. Curbelo, Carlos [R-FL-26] (R-FL), 2016-09-08T00:00:00.000Z

## Related bills

- 114-hr-5968: Small Business Investment Opportunity Act of 2016
- 114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Doby in recognition of his achievements and contributions to American major league…
- 114-hr-5292: Air Traffic Controller Hiring Improvement Act of 2016
- 114-hr-5064: Improving Small Business Cyber Security Act of 2016
- 114-hr-3381: Childhood Cancer STAR Act
- 114-hr-3119: Palliative Care and Hospice Education and Training Act

## Sources
- [114-hr-5969 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/5969)

## Related
- [114-hr-5968: Small Business Investment Opportunity Act of 2016](https://policyrisk.com/legislation/114-hr-5968)
- [114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Dob…](https://policyrisk.com/legislation/114-hr-5621)
- [114-hr-5292: Air Traffic Controller Hiring Improvement Act of 2016](https://policyrisk.com/legislation/114-hr-5292)
- [114-hr-5064: Improving Small Business Cyber Security Act of 2016](https://policyrisk.com/legislation/114-hr-5064)
- [114-hr-3381: Childhood Cancer STAR Act](https://policyrisk.com/legislation/114-hr-3381)
- [114-hr-3119: Palliative Care and Hospice Education and Training Act](https://policyrisk.com/legislation/114-hr-3119)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-5969 (as of 2025-11-18).