US HB116 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Engrossed on January 15 2019 - 50% progression, died in committee
Action: 2019-01-15 - Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on January 15 2019 - 50% progression, died in committee
Action: 2019-01-15 - Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Engrossed) [PDF]
Summary
Amends the Small Business Investment Act of 1958 to permit certain banking entities, subject to the approval of the appropriate federal banking agency, 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.
Title
Investing in Main Street Act of 2019
Sponsors
| Rep. Judy Chu [D-CA] | Rep. Ralph Norman [R-SC] | Rep. Katie Hill [D-CA] | Rep. Josh Harder [D-CA] |
Roll Calls
2019-01-14 - House - On motion to suspend the rules and pass the bill RC# 30 (Y: 403 N: 2 NV: 28 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2019-01-15 | Senate | Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. |
| 2019-01-14 | House | Motion to reconsider laid on the table Agreed to without objection. |
| 2019-01-14 | House | On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 403 - 2 (Roll no. 30). (text: CR H522) |
| 2019-01-14 | House | Considered as unfinished business. (consideration: CR H534) |
| 2019-01-14 | House | At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. |
| 2019-01-14 | House | DEBATE - The House proceeded with forty minutes of debate on H.R. 116. |
| 2019-01-14 | House | Considered under suspension of the rules. (consideration: CR H522-524) |
| 2019-01-14 | House | Ms. Velazquez moved to suspend the rules and pass the bill. |
| 2019-01-03 | House | Referred to the House Committee on Small Business. |
| 2019-01-03 | House | Introduced in House |
Same As/Similar To
SB1994 (Similar To) 2019-06-26 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
Administrative law and regulatory procedures
Banking and financial institutions regulation
Business investment and capital
Commerce
Small business
Banking and financial institutions regulation
Business investment and capital
Commerce
Small business
