Text: H.R.2364 — 115th Congress (2017-2018)All Information (Except Text)

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Referred in Senate (07/25/2017)

 
[Congressional Bills 115th Congress]
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[H.R. 2364 Referred in Senate (RFS)]

<DOC>
115th CONGRESS
  1st Session
                                H. R. 2364


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 25, 2017

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 
2017''.

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.''.

            Passed the House of Representatives July 24, 2017.

            Attest:

                                                 KAREN L. HAAS,

                                                                 Clerk.

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