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Passed origin
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119th Congress · H.R. 754 · Passed Origin

Investing in Main Street Act of 2025

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%.

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SubjectsBank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capitalSmall business
Sponsor
Judy M. Chu, D-CA-28
9 terms · @RepJudyChu
2423 Rayburn House Office Building Washington DC 20515-0528 · 202-225-5464
Cosponsors (4)
  • Brad Finstad, R-MN-1Original cosponsor
    Co-sponsored Jan 28, 2025 · 3 terms · @RepFinstad
  • LaMonica McIver, D-NJ-10Original cosponsor
    Co-sponsored Jan 28, 2025 · 2 terms · @RepLaMonica
  • Andrew R. Garbarino, R-NY-2Original cosponsor
    Co-sponsored Jan 28, 2025 · 3 terms · @RepGarbarino
  • Maggie V. Goodlander, D-NH-2
    Co-sponsored Feb 24, 2025 · 1 term · @RepGoodlander
Committees (2)
  • Banking, Housing, and Urban Affairs Committee
    Senate Standing · Activity Feb 25, 2025
  • Small Business Committee
    House Standing · Activity Jan 28, 2025
Actions (10)
  1. Feb 25, 2025 · via Senate
    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Feb 24, 2025 · via House floor actions
    Motion to reconsider laid on the table Agreed to without objection.
  3. Feb 24, 2025 · via House floor actions
    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H743)
  4. Feb 24, 2025 · via Library of Congress
    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H743)
  5. Feb 24, 2025 · via House floor actions
    DEBATE - The House proceeded with forty minutes of debate on H.R. 754.
  6. Feb 24, 2025 · via House floor actions
    Considered under suspension of the rules. (consideration: CR H743-745)
  7. Feb 24, 2025 · via House floor actions
    Mr. Williams (TX) moved to suspend the rules and pass the bill.
  8. Jan 28, 2025 · via House floor actions
    Referred to the House Committee on Small Business.
  9. Jan 28, 2025 · via Library of Congress
    Introduced in House
  10. Jan 28, 2025 · via Library of Congress
    Introduced in House
IntroducedJan 28, 2025
Policy areaCommerce
RelatedS. 2223

Constitutional authority cited

[Congressional Record Volume 171, Number 18 (Tuesday, January 28, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. CHU:H.R. 754.Congress has the power to enact this legislation pursuantto the following:Clause 3 of Section 8 of Article I of the Constitution[Page H406]
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