Investing in Main Street Act of 2023
Source: Congress.gov ·
223 words in original text
What This Bill Does
This bill changes the rules for how much money can be invested in small business investment companies (private firms that provide funding to small businesses). It increases investment limits from 5 percent to 15 percent in two specific rules under the Small Business Investment Act of 1958.
Who It Affects
People and organizations that invest money in small business investment companies are directly affected by this bill.
Key Provisions
- The bill increases one investment limit from 5 percent to 15 percent (Sec. 2(1))
- The bill increases a second investment limit from 5 percent to 15 percent (Sec. 2(2))
What Changes
If this becomes law, investors will be allowed to put 15 percent of their money into small business investment companies instead of the current 5 percent limit in both areas covered by the law.
Important Definitions
None defined in bill text.
Important: This plain English summary was generated by AI and is provided for informational purposes only.
It is not legal advice. Always consult the official bill text on Congress.gov
or a qualified attorney for legal matters.