{"format":1,"id":"118-hr-400","congress":118,"number":"H.R. 400","kind":"bill","group":"bills","title":"Investing in Main Street Act of 2023","title_source":"Short Title(s) as Passed House","official_title":"To amend the Small Business Investment Act of 1958 to increase the amount that may be invested in small business investment companies.","titles":[{"type":"Official Title as Introduced","title":"To amend the Small Business Investment Act of 1958 to increase the amount that may be invested in small business investment companies."},{"type":"Display Title","title":"Investing in Main Street Act of 2023"},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"Investing in Main Street Act of 2023"},{"type":"Short Title(s) as Introduced","title":"Investing in Main Street Act of 2023"},{"type":"Short Title(s) as Passed House","title":"Investing in Main Street Act of 2023"}],"outcome":"passed_house","law_number":null,"introduced":"2023-01-20","chambers":{"house":{"status":"roll_call","date":"2023-01-25","vote":{"id":"118-2023-h35","question":"On Motion to Suspend the Rules and Pass","title":"Investing in Main Street Act","result":"Passed","yea":411,"nay":13,"present":0,"not_voting":10,"source":"https://clerk.house.gov/evs/2023/roll035.xml"}},"senate":{"status":"na","date":null,"vote":null}},"president":{"status":"na","date":null},"vice_president_tie_breaker":null,"latest_action":{"text":"Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.","date":"2023-01-26"},"nominees":null,"amendments":[],"other_votes":[],"crs_summary":{"date":"2023-01-25","stage":"Passed House","blocks":[{"k":"h","t":"Investing in Main Street Act of 2023"},{"k":"p","t":"This bill authorizes certain banking entities to invest up to 15% of their capital and surplus in one or more small business investment companies (SBICs) or in any entity established to invest solely in SBICs. The current limit is 5%."}],"words":47},"summary":{"main_subject":{"text":"Amends Section 302(b) of the Small Business Investment Act of 1958 to change a limit from 5 percent to 15 percent in two places in that subsection, which governs investment in small business investment companies.","cites":[{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/400/text/eh#H835EE85D7A364A368229F81018005E8A"}]},"core_areas":["Investment limits for small business investment companies under the Small Business Investment Act of 1958"],"what_it_does":[{"text":"Amends paragraph (1) of Section 302(b) of the Small Business Investment Act of 1958 by striking \"5 percent\" and inserting \"15 percent\".","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/400/text/eh#H835EE85D7A364A368229F81018005E8A"}},{"text":"Amends paragraph (2) of Section 302(b) of the Small Business Investment Act of 1958 by striking \"5 percent\" and inserting \"15 percent\".","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/118th-congress/house-bill/400/text/eh#H835EE85D7A364A368229F81018005E8A"}},{"text":"Provides that the Act may be cited as the \"Investing in Main Street Act of 2023\".","cite":{"label":"Sec. 1","href":"https://www.congress.gov/bill/118th-congress/house-bill/400/text/eh#HA9CDDDEA4E15495298942852923456F0"}}],"unexpected":[],"version":{"type":"Engrossed in House","date":"2023-01-25","rule":"passed","href":"https://www.congress.gov/bill/118th-congress/house-bill/400/text/eh"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-03","approved_by":"checks"},"sources":{"congress_gov":"https://www.congress.gov/bill/118th-congress/house-bill/400","text":"https://www.congress.gov/bill/118th-congress/house-bill/400/text"},"card":{"image":"card/item/118-hr-400.png","v":"dde8bdec5d2c","alt":"Votes on Record. H.R. 400, 118th Congress: Investing in Main Street Act of 2023. House: 411 Yea, 13 Nay. Outcome: Passed House, 25 Jan 2023."}}