Sending Capital to Main Street
Legislative Priorities for the 119th Congress
Help advance three key legsiative priorities. Each one corrects an outdated or accidental rule, costs taxpayers nothing, has bipartisan support, and puts more capital into American small businesses.
Investing in
Main Street Act
Raises the cap on how much banks may invest in Small Business Investment Companies from 5% to 15% of capital and surplus — aligning a 1958 statute with current banking law.
Small Business Investor Capital Access Act
Raises the SEC registration exemption for private fund advisers from $150M to $175M in AUM and indexes it to inflation — relieving the smallest managers of institutional-scale compliance costs.
BDC AFFE Reform
Removes Business Development Companies from the SEC's Acquired Fund Fees and Expenses calculation — ending a duplicative fee double-count that has steered capital away from small business lenders.
Each fixes a policy misalignment
A mischaracterized fee, a conflicting cap, a frozen threshold.
Each costs taxpayers nothing
These are regulatory alignments, not spending programs.
Each has bipartisan support
Support across party lines and across both chambers.
Each sends capital to Main Street
The end result is more private investment reaching small businesses.
How You Can Support These Bills
Senate Banking Committee members need to hear from the lenders, investors, and operators in their states. Three minutes of your time moves these bills.
Small Business Investor Alliance
529 14th Street, NW, Suite 400
Washington, DC 20045
Phone: 202-628-5055
The Small Business Investor Alliance is the premier organization of lower middle market private equity funds and investors.