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U.S. GOVERNMENT
INFORMATION .
117TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 117-140
INVESTING IN MAIN STREET ACT OF 2021
OCTOBER 12, 2021.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Ms. VELAZQUEZ, from the Committee on Small Business,
submitted the following
R E P O R T
[To accompany H.R. 4256]
The Committee on Small Business, to whom was referred the bill
(H.R. 4256) to amend the Small Business Investment Act of 1958
to increase the amount that certain banks and savings associations
may invest in small business investment companies, subject to the
approval of the appropriate Federal banking agency, and for other
purposes, having considered the same, reports favorably thereon
without amendment and recommends that the bill do pass.
CONTENTS
Page
I. Purpose and Bill Summary ........................................................................ 1
II. Background and Need for Legislation ..................................................... 2
III. Hearings ....................................................................................................... 3
IV . Com m ittee Consideration ......................................................................... 3
V . C om m ittee V otes ....................................................................................... 3
VI. Section-by-Section Analysis for H.R. 4256 ............................................... 3
VII. Congressional Budget Cost Estimate ....................................................... 3
VIII. New Budget Authority, Entitlement Authority, and Tax Expenditures 4
IX. Committee Oversight Findings and Recommendations ........................... 4
X. Statement of General Performance Goals and Objectives ....................... 4
XI. Duplication of Federal Program s ............................................................. 4
XII. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff
Benefits ..................................................................................................... 4
XIII. Federal M andates Statem ent ................................................................... 4
XIV. Federal Advisory Committee Statement ................................................... 5
XV. Applicability to Legislative Branch ........................................................... 5
XVI. Constitutional Authority Statement .......................................................... 5
XVII. Changes in Existing Law Made by the Bill, as Reported ...................... 5
I. PURPOSE AND BILL SUMMARY
The purpose of H.R. 4256, the Investing in Main Street Act of
2021, is to increase the amount of capital and surplus a financial
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