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IIB
116TH CONGRESS
1ST SESSION
H. R. 116
IN THE SENATE OF THE UNITED STATES
JANUARY 15, 2019
Received; read twice and referred to the Committee on Small Business and
Entrepreneurship
AN ACT
To amend the Small Business Investment Act of 1958 to
increase the amount that certain banks and savings asso-
ciations may invest in small business investment compa-
nies, subject to the approval of the appropriate Federal
banking agency, and for other purposes.
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HR 116 RFS
Be it enacted by the Senate and House of Representa-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Investing in Main
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Street Act of 2019’’.
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SEC. 2. INVESTMENT IN SMALL BUSINESS INVESTMENT
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COMPANIES.
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Section 302(b) of the Small Business Investment Act
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of 1958 (15 U.S.C. 682(b)) is amended—
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(1) in paragraph (1), by inserting before the pe-
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riod the following: ‘‘or, subject to the approval of the
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appropriate Federal banking agency, 15 percent of
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such capital and surplus’’;
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(2) in paragraph (2), by inserting before the pe-
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riod the following: ‘‘or, subject to the approval of the
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appropriate Federal banking agency, 15 percent of
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such capital and surplus’’; and
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(3) by adding at the end the following:
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‘‘(3) APPROPRIATE FEDERAL BANKING AGENCY
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DEFINED.—For purposes of this subsection, the
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term ‘appropriate Federal banking agency’ has the
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HR 116 RFS
meaning given that term under section 3 of the Fed-
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eral Deposit Insurance Act.’’.
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Passed the House of Representatives January 14,
2019.
Attest:
KAREN L. HAAS,
Clerk.
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