Investing in Main Street Act of 2025

Floor Speech

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Mrs. McIVER. Mr. Speaker, small businesses are the backbone of our local economy. COVID-19 shuttered the doors of many beloved local businesses, and many more are still continuing on a path of financial recovery. Now, with sky-high prices and rising inflation, small businesses need our support more than ever.

Today, I join Representative Chu to reintroduce the Investing in Main Street Act of 2025 to increase access to capital for small businesses who need it. This bill amends the Small Business Investment Act of 1958 by increasing the amount that certain banks and savings associations may invest in small business investment companies from 5 percent to 15 percent.

As the ranking member on the Small Business Subcommittee on Economic Growth, Tax, and Capital Access, I know firsthand the challenges businessowners face. Small businesses contribute so much to our communities. In fact, they make up over 40 percent of our Nation's GDP, and it is time we give back to our hardworking businessowners.

These additional investments will create more jobs, allow existing businesses to expand and thrive, and reduce barriers to entry for small businesses looking to get off the ground. I am grateful to Representative Chu for leading the charge on this essential improvement to SBIC funding, and I am proud to co-lead this crucial bill.

Mr. Speaker, I thank Chairman Williams and my ranking member, Representative Velazquez. I urge my colleagues to support this bill.

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