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H.R. 754

U.S. House•In Senate Committee

Summary

H.R. 754, the Investing in Main Street Act of 2025, was introduced in the House on Jan 28, 2025 by Rep. Judy Chu (D) with 4 co-sponsors. It was referred to Banking, Housing, And Urban Affairs, and last saw action on Feb 25, 2025: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

H.R. 754 has 4 co-sponsors.

hb754/engrossed-in-house.txt
119 HR 754 EH: Investing in Main Street Act of 2025
 U.S. House of Representatives
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I
 119th CONGRESS  1st Session
 H. R. 754
 IN THE HOUSE OF REPRESENTATIVES
 AN ACT
To amend the Small Business Investment Act of 1958 to increase the amount that may be invested in small business investment companies.
1.
Short title
This Act may be cited as the   Investing in Main Street Act of 2025  .
2.
Investment in small business investment companies
Section 302(b) of the Small Business Investment Act of 1958 ( 15 U.S.C. 682(b) ) is amended—
(1)
in paragraph (1), by striking  5 percent  and inserting  15 percent ; and
(2)
in paragraph (2), by striking  5 percent  and inserting  15 percent .
    Passed the House of Representatives February 24, 2025.  Kevin F. McCumber,  Clerk.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-01-28
  2. Passed House2025-02-24
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Introduced in House Jan 28, 2025

hb754/introduced-in-house.md

Shown Here:
Introduced in House (01/28/2025)

Investing in Main Street Act of 2025

This bill authorizes certain banking entities to invest up to 15% of their capital and surplus in one or more small business investment companies (SBICs) or in any entity established to invest solely in SBICs. The current limit is 5%.

Sponsors

Rep. Judy Chu (D) sponsors H.R. 754, and 4 members have co-sponsored it, 3 of them from the day it was introduced.

Committees

H.R. 754 went before 2 committees: Banking, Housing, and Urban Affairs and Small Business.

Banking, Housing, and Urban Affairs
Banking, Housing, and Urban Affairs
Referred To · Feb 25, 2025 · 465 Bills
Small Business
Small Business
Referred To · Jan 28, 2025 · 81 Bills

Actions

H.R. 754 has taken 9 actions since Jan 28, 2025, the latest on Feb 25, 2025.

ChamberAction
Feb 25, 2025
Senate
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Banking, Housing, and Urban Affairs Committee
Feb 24, 202516:48
House
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Feb 24, 202516:48
House
Considered under suspension of the rules. (consideration: CR H743-745)
Feb 24, 202516:48
House
DEBATE - The House proceeded with forty minutes of debate on H.R. 754.
Feb 24, 202516:59
House
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H743)

Votes

H.R. 754 has not gone to a roll call.

1 bill is related to H.R. 754, as Identical bill.

Titles

H.R. 754 goes by 6 titles, 3 of them short titles.

  • To amend the Small Business Investment Act of 1958 to increase the amount that may be invested in small business investment companies. — Official Titles from EH (Engrossed in House) bill text
  • Investing in Main Street Act of 2025 — Short Titles from RFS (Referred to Senate) bill text
  • Investing in Main Street Act of 2025 — Short Title(s) as Passed House
  • Investing in Main Street Act of 2025 — Display Title
  • Investing in Main Street Act of 2025 — Short Title(s) as Introduced
  • To amend the Small Business Investment Act of 1958 to increase the amount that may be invested in small business investment companies. — Official Title as Introduced

Lobbying

2 clients hired 2 firms and 5 registered lobbyists who named H.R. 754 in 12 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Small Business, Financial Institutions/Investments/Securities, Taxation/Internal Revenue Code.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
SMALL BUSINESS INVESTOR ALLIANCE (SBIA)Advocate for small business investorsDistrict of Columbia16$120K
NATIONAL SMALL BUSINESS ASSOCIATION—District of Columbia16—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
NATIONAL SMALL BUSINESS ASSOCIATION16—
THORN RUN PARTNERS16$120K

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
JOHN FURTH116
PAUL BOCK116
TODD MCCRACKEN116
RACHEL GREY114
REED WESTCOTT114

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2025 second_quarter$60K2nd Quarter - Report
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2025 third_quarter$50K3rd Quarter - Report
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2025 first_quarter$50K1st Quarter - Report
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2025 fourth_quarter$30K4th Quarter - Report
SMALL BUSINESS INVESTOR ALLIANCE (SBIA)THORN RUN PARTNERS2026 second_quarter$20K2nd Quarter - Report
SMALL BUSINESS INVESTOR ALLIANCE (SBIA)THORN RUN PARTNERS2026 first_quarter$20K1st Quarter - Report
SMALL BUSINESS INVESTOR ALLIANCE (SBIA)THORN RUN PARTNERS2025 fourth_quarter$20K4th Quarter - Report
SMALL BUSINESS INVESTOR ALLIANCE (SBIA)THORN RUN PARTNERS2025 third_quarter$20K3rd Quarter - Report
SMALL BUSINESS INVESTOR ALLIANCE (SBIA)THORN RUN PARTNERS2025 second_quarter$20K2nd Quarter - Report
SMALL BUSINESS INVESTOR ALLIANCE (SBIA)THORN RUN PARTNERS2025 first_quarter$20K1st Quarter - Report
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2026 second_quarter$16K2nd Quarter - Report
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2026 first_quarter$15K1st Quarter - Report

Classification

The Congressional Research Service files H.R. 754 under Commerce, one of its 31 policy areas, and gives it 4 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 754’s is Commerce.

hr754/policy-areas.txt
CommerceAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Legislative Subjects

H.R. 754 carries 4 of CRS’s legislative subjects, from Bank accounts, deposits, capital to Small business.

hr754/subjects.txt
Bank accounts, deposits, capitalBanking and financial institutions regulationBusiness investment and capitalSmall business

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 754, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 18 (Tuesday, January 28, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. CHU:H.R. 754.Congress has the power to enact this legislation pursuantto the following:Clause 3 of Section 8 of Article I of the Constitution[Page H406]

Source: congress.gov · legiscan.com