FOR IMMEDIATE RELEASE
August 20, 2025
Contact:
Madison Hardy
Janessa Tolman
BOISE, Idaho – U.S. Senators Jim Risch (R-Idaho) and Todd Young (R-Ind.) introduced the Investing in Main Street Act to increase investment in small businesses.
The legislation would allow banks to invest up to 15% of their capital in Small Business Investment Companies (SBIC). Since 2020, SBICs have invested nearly $120 million into businesses across the Gem State.
“Idaho small businesses fuel our economy, employ our friends and family, and are the lifeblood of our communities,” said Risch. “The Investing in Main Street Act supports Gem State entrepreneurs’ access to early-stage capital by allowing banks to invest more to Small Business Investment Companies.”
“The Small Business Investment Company program has provided critical support to countless Hoosier small businesses,” said Young. “Our legislation will help spur further investment in innovative startups and unlock capital for existing, high-growth small businesses across America.”
“The Small Business Investment Company program has provided critical support to countless Hoosier small businesses,” said Young. “Our legislation will help spur further investment in innovative startups and unlock capital for existing, high-growth small businesses across America.”
Risch and Young are joined by U.S. Senators Tammy Duckworth (D-Ill.) and Ruben Gallego (D-Ariz.) in introducing the Investing in Main Street Act.
About Jim Risch
Jim Risch proudly represents the people of Idaho in the United States Senate. He currently chairs the Foreign Relations Committee and sits on the Committee on Energy and Natural Resources. Risch previously served as Governor, Lieutenant Governor, and State Senator. For the latest press releases and constituent services visit risch.senate.gov.
