arrow_back Back to App

Increasing Bank Investment Limits in Small Business Investment Companies (SBICs)

The Act amends the Small Business Investment Act of 1958 to allow banks and savings associations to invest up to 15% of their capital and surplus in Small Business Investment Companies (SBICs). This increase is subject to the approval of the appropriate Federal banking agency.
Key points
Banks and savings associations may invest up to 15% of their capital and surplus in Small Business Investment Companies (SBICs).
Investments at the 15% level require approval from the appropriate Federal banking agency.
The Act defines 'appropriate Federal banking agency' by reference to the Federal Deposit Insurance Act.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_2451
Sponsor: Sen. Young, Todd [R-IN]
Process start date: 2021-07-22
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Investing in Main Street Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2451.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-07-22.

What are the main provisions?

Key points include:

  • Banks and savings associations may invest up to 15% of their capital and surplus in Small Business Investment Companies (SBICs).
  • Investments at the 15% level require approval from the appropriate Federal banking agency.
  • The Act defines 'appropriate Federal banking agency' by reference to the Federal Deposit Insurance Act.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Young, Todd [R-IN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Economy Public Investments