HR 754: Investing in Main Street Act of 2025

Cosponsors

Brad Finstad (R) MN, LaMonica McIver (D) NJ, Andrew Garbarino (R) NY

Summary

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%.

Subjects

Policy Areas

Commerce

Next Steps

The bill has been referred to the House Small Business Committee. The next steps could include committee hearings, markup sessions, a vote in the House, and then consideration in the Senate if it passes the House.

Social Impact

Increased investment in small businesses could stimulate local economies, create jobs, and improve living standards for individuals and families. However, the social impact will depend on how the increased capital is utilized by the businesses receiving funding.

Business Impact

Increased investment in small businesses could lead to business expansion, job creation, and economic growth. This could disproportionately benefit small businesses that can access more capital. However, increased competition for funding may also arise.

Financial Impact

The bill aims to increase the investment limit for small business investment companies, potentially leading to increased lending and financial activity. This may also increase the federal financial exposure if loan defaults occur. The overall effect on the national budget is unclear.

Bill History

Tuesday, January 28, 2025
IntroReferral - Referred to the House Committee on Small Business.

Tuesday, January 28, 2025
IntroReferral - Introduced in House

Bill Text

Introduced in House January 28, 2025
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Sponsors