SBIA Expresses Support for Senate Introduction of Investing in Main Street Act
Legislation would allow more capital to flow to small businesses
February 5, 2024 (Washington, D.C.) – The Small Business Investor Alliance (SBIA), the association of America’s small business investors, is pleased to express strong support for bipartisan legislation introduced by U.S. Sens. Todd Young (R-IN), Tammy Duckworth (D-IL) and James Risch (R-ID) that is designed to increase investments into American small businesses. The “Investing in Main Street Act” fixes conflicting laws that currently limit investments into Small Business Investment Companies (SBICs), which invest exclusively in growing small domestic businesses.
“SBICs are designed to help American small businesses grow,” said SBIA President Brett Palmer. “Removing barriers to small businesses seeking growth capital is simply good public policy.”
On January 25, 2023, companion legislation (H.R. 400) introduced by U.S. Reps. Judy Chu (D-CA) and Andrew Garbarino (R-NY) was passed by the House of Representatives.
SBIA has long been a proponent of market-driven solutions to capital access and inclusivity. Small business investors want to work with the Administration and Congress on a bipartisan basis to promote policies that expand the benefits of free enterprise to all Americans.
Read SBIA’s Letter of Support >
House Passes Reps. Chu, Garbarino Bill to Increase Investments in Small Business Startups >
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About the Small Business Investor Alliance (SBIA)
The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA works on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for over 60 years. For more information, visit www.SBIA.org or call (202) 628-5055.
