H.R. 2066 Became law · Public Law 119-92 Commerce

Investing in All of America Act of 2025

To amend the Small Business Investment Act of 1958 to exclude from the limit on leverage certain amounts invested in smaller enterprises located in rural or low-income areas and small businesses in critical technology areas, and for other purposes.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Meuser, Daniel [R-PA-9] Introduced March 11, 2025 Cosponsors 8 (4 D, 4 R) Latest action May 19, 2026

Summary

Investing in All of America Act of 2025
This bill modifies the limit on the amount of financing available to a Small Business Investment Company (SBIC) from the Small Business Administration (SBA). It also expands the definition of private capital with respect to SBICs.
Specifically, the bill reduces the maximum outstanding financing available to an SBIC from 300% to 200% of the SBIC's private capital. The bill increases from $350 million to $475 million the maximum financing available to two or more commonly controlled SBICs that make quarterly or semiannual interest payments.
The bill also expands the amounts that may be excluded from the calculation of the financing limit to include the amounts an SBIC invests in (1) rural areas, (2) certain technology categories, or (3) small manufacturers. The bill revises the cap on such excluded amounts to the lesser of $125 million or the aggregate of 50% of the private capital of the SBIC.
Additionally, the bill expands what is considered the private capital of an SBIC to include funds obtained from the business revenue of additional government-sponsored corporations and funds invested by the trust or endowment of a college or university.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Actions

  1. May 19, 2026 Became Public Law No: 119-92.
  2. May 19, 2026 Signed by President.
  3. May 12, 2026 Presented to President.
  4. Apr 16, 2026 Message on Senate action sent to the House.
  5. Apr 15, 2026 Passed Senate without amendment by Unanimous Consent. (consideration: CR S1789-1790)
  6. Apr 15, 2026 Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
  7. Apr 15, 2026 Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.
  8. Dec 2, 2025 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
  9. Dec 1, 2025 Motion to reconsider laid on the table Agreed to without objection.
  10. Dec 1, 2025 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4918)
  11. Dec 1, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 2066.
  12. Dec 1, 2025 Considered under suspension of the rules. (consideration: CR H4918-4919)

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