S. 3730, titled the "Investing in Main Street Act of 2024," aims to amend the Small Business Investment Act of 1958. It proposes to increase the allowable investment in small business investment companies from 5 percent to 15 percent. This change is intended to encourage...
Simple Explanation
The "Investing in Main Street Act of 2024" is a plan to change a rule so people can put more money into helping small businesses grow, from just 5 percent up to 15 percent, which means small businesses might get more money to help them succeed.