H.R. 400Investing in Main Street Act of 2023

1 recorded action295 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Judy Chu [D-CA-28]
Cosponsors: 3 · 2 Republicans · 1 Democrat
Policy area: Commerce
Committees: Small Business Committee, Banking, Housing, and Urban Affairs Committee
Latest action: Jan 26, 2023 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedJan 20, 2023
Passed the HouseJan 25, 2023
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

Investing in Main Street Act of 2023

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%.

Written by the nonpartisan Congressional Research Service, describing H.R. 400 as passed House on Jan 25, 2023. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 35

House Jan 25, 2023

On Motion to Suspend the Rules and Pass

Investing in Main Street Act

Passed · Two-thirds required

411 Yea 13 Nay 10 not voting

Crossed both parties 13 of 424 voting members broke with their own party: 13 Republicans.

Open the official roll call

How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

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All members434 members

Democratic212 members

Republican222 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors3 · 2 Republicans · 1 Democrat

Signing on is not a vote: a member can cosponsor H.R. 400 and vote against it. 1 signed when it was filed.

RAndrew R. Garbarino [R-NY-02]Original2026 profile

RJohn James [R-MI-10]Joined Jan 24, 2023

DShri Thanedar [D-MI-13]Joined Jan 25, 20232026 profile

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