[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4256 Referred in Senate (RFS)]

<DOC>
117th CONGRESS
  1st Session
                                H. R. 4256


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            November 3, 2021

Received; read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 AN ACT


 
  To amend the Small Business Investment Act of 1958 to increase the 
amount that certain banks and savings associations may invest in small 
     business investment companies, subject to the approval of the 
      appropriate Federal banking agency, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Investing in Main Street Act of 
2021''.

SEC. 2. INVESTMENT IN SMALL BUSINESS INVESTMENT COMPANIES.

    Section 302(b) of the Small Business Investment Act of 1958 (15 
U.S.C. 682(b)) is amended--
            (1) in paragraph (1), by inserting before the period the 
        following: ``or, subject to the approval of the appropriate 
        Federal banking agency, 15 percent of such capital and 
        surplus'';
            (2) in paragraph (2), by inserting before the period the 
        following: ``or, subject to the approval of the appropriate 
        Federal banking agency, 15 percent of such capital and 
        surplus''; and
            (3) by adding at the end the following:
            ``(3) Appropriate federal banking agency defined.--For 
        purposes of this subsection, the term `appropriate Federal 
        banking agency' has the meaning given that term under section 3 
        of the Federal Deposit Insurance Act.''.

SEC. 3. DETERMINATION OF BUDGETARY EFFECTS.

    The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go Act of 2010, shall be determined by 
reference to the latest statement titled ``Budgetary Effects of PAYGO 
Legislation'' for this Act, submitted for printing in the Congressional 
Record by the Chairman of the House Budget Committee, provided that 
such statement has been submitted prior to the vote on passage.

            Passed the House of Representatives November 2, 2021.

            Attest:

                                             CHERYL L. JOHNSON,

                                                                 Clerk.