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More Funds for Small Businesses: New Investment Opportunities.

This act increases the amount that can be invested in companies supporting small businesses. This means small businesses may have easier access to capital, which can help them grow and create new jobs. Increased investment in local businesses can positively impact your local economy.
Key points
Investment limit in small businesses increased from 5% to 15%.
Greater funding opportunities for local enterprises.
Potential for job growth and economic development in communities.
article Official text account_balance Process page
VOTING RESULTS
2023-01-25
97%
For 411
Against 13
Abstain 0
Full voting results open_in_new
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_400
Sponsor: Rep. Chu, Judy [D-CA-28]
Process start date: 2023-01-20
Voting date: 2023-01-25
Meeting no: 1
Voting no: 35
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Investing in Main Street Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_400.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-01-20.

What are the main provisions?

Key points include:

  • Investment limit in small businesses increased from 5% to 15%.
  • Greater funding opportunities for local enterprises.
  • Potential for job growth and economic development in communities.
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

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Chu, Judy [D-CA-28].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays (2/3 required): 411 - 13 (Roll No. 35). (text: CR H304)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Public Investments