S 2223 · 119th CongressIn Committeecongress.gov ↗
Road to The Floor
How it worksIntroduced
In Committee
On The Floor
Passed a Chamber
Passed Congress
To President
Became Law
What this bill does
AI plain-language summaryThis bill would let banks put up to 15% of their money into small business investment companies, which are companies that invest in small businesses. Right now, banks are only allowed to invest up to 5% of their money in these kinds of companies. The bill would also allow banks to invest in organizations that are set up specifically to put money into small business investment companies.
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