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118th Congress Commerce

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

Passed HouseJan 25, 2023

  1. Introduced (completed)Jan 20, 2023
  2. Passed House (completed)Jan 25, 2023, 411–13
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Passed House, Jan 25, 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 Congressional Research Service, Library of Congress.

Key votes

House final vote, Jan 25, 2023

On Motion to Suspend the Rules and Pass

Passed 411–13

Yea 411two-thirds 283Nay 13

  • Democrats205 yea, 0 nay
  • Republicans205 yea, 13 nay
  • Independents1 yea, 0 nay

Broke with their party: Thomas Tiffany (R-WI), Andrew Ogles (R-TN), Andy Harris (R-MD), Marjorie Greene (R-GA), Robert Good (R-VA), Matt Gaetz (R-FL), Eric Burlison (R-MO), Josh Brecheen (R-OK), Andy Biggs (R-AZ) and Victoria Spartz (R-IN) voted Nay; and 3 more

See how all 424 members voted

Showing 434 of 434 members

Yea 411

Republicans (205)

Democrats (205)

Independents (1)

Nay 13

Not voting 10

Republicans (3)

Senate

Not yet voted

Passed the House Jan 25, 2023. Awaiting Senate action.

Roll calls

1 vote on this bill

Showing 1 of 1 roll calls

  • Jan 25, 2023HouseOn Motion to Suspend the Rules and PassFinal passagePassed, yea-nay 411–13
    Roll call 35 tally by party
    PartyYeaNayPresentNot voting
    Democrats205007
    Republicans2051303
    Independents1000
    Total41113010

    House roll call 35: On Motion to Suspend the Rules and Pass. Passed.

    13 crossed party lines: 13 Republicans

    How each member voted (434)

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

3

Bipartisan support.

Who scored on this bill

126 points earned
  1. 1Judy Chu D-CA SponsorDrew cross-party cosponsors, introduced, passed House3 events+36
  2. 2Andy Biggs R-AZ1 maverick vote1 event+6
  3. 2Josh Brecheen R-OK1 maverick vote1 event+6
  4. 2Eric Burlison R-MO1 maverick vote1 event+6
  5. 2Eli Crane R-AZ1 maverick vote1 event+6
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Judy Chu

History

  1. Jan 25, 2023Passed the House, 411–13.
  2. Jan 20, 2023Introduced in the House by Judy Chu.
Show the full action history (11 actions)
  1. Jan 26, 2023Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. Jan 25, 2023Mr. Williams (TX) moved to suspend the rules and pass the bill.
  3. Jan 25, 2023Considered under suspension of the rules. (consideration: CR H304-306)
  4. Jan 25, 2023DEBATE - The House proceeded with forty minutes of debate on H.R. 400.
  5. Jan 25, 2023At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  6. Jan 25, 2023Considered as unfinished business. (consideration: CR H312-313)
  7. Jan 25, 2023Passed/agreed to in House: 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)
  8. Jan 25, 2023On 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)
  9. Jan 25, 2023Motion to reconsider laid on the table Agreed to without objection.
  10. Jan 20, 2023Introduced in House
  11. Jan 20, 2023Referred to the House Committee on Small Business.