Congress·In Committee·S. 1917

Investing in All of America Act of 2025

Congress targets more investment fund financing for rural, low-income, and critical tech small businesses

May 22, 2025·View on Congress.gov·Read full text

This bill is one vehicle in a longer effort. See the full story across every version.View effort →

StalledNext up: A senate committeeNo action in 13 months

A senate committee must act next: committee consideration.

Legislative Progress

Senate

No action since May 2025

House

President

Law

How we got here

This bill’s path across every version that has carried it.

Reintroduced
Reintroduced from S. 4759 (118th), which died when its Congress ended.
S. 4759 (118th) →

Key Points

Lets certain small business investment funds borrow more (get more leverage) without hitting their usual cap, as long as the money goes to rural areas, low-income areas, critical technology businesses, or small manufacturers.
Sets limits on how much extra can be excluded from the leverage count: the smaller of 50% of the fund’s private capital or $125 million, and it only applies to new investments after the law takes effect.
Updates some maximum leverage dollar limits, including a $175 million figure for a single fund and a $350 million figure for commonly controlled funds, with different treatment based on payment structure.
Requires the Small Business Administration’s Administrator to adjust certain dollar limits over time based on changes in consumer prices (inflation), with an exception for a specific type of investment fund structure.
Expands what can count as “private capital” for approval purposes (including some college or university foundations/endowments/trusts) and clarifies that most government-sourced funds don’t count as private capital.

Small BusinessTechnologyEconomy

Impact Analysis

Personal Impact

How this policy affects specific groups of people

Positive Impacts(4)

Small Business Owner

Helps

Gig Worker

Helps

Farmer Rancher

Helps

Union Member

Helps

Milestones

2 milestones2 actions

May 22, 2025Senate

Read twice and referred to the Committee on Small Business and Entrepreneurship.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

May 22, 2025

Introduced in Senate

The bill was officially filed and given a number. It now enters the legislative queue.

Related News

5 articles

Small Business Investor Alliance (SBIA)·Dec 1, 2025

SBIA Applauds House Passage of the Investing in All of America Act

Trade association reaction to House passage of H.R. 2066, describing SBIC leverage-cap exclusions for rural/low-income, critical tech, and manufacturing investments and emphasizing no new federal spending.

Center Right

International Economic Development Council (IEDC)·Dec 8, 2025

U.S. House Passes Five SBA-Related Bills

Roundup of SBA-related bills passed Dec. 1, 2025, including H.R. 2066 (Investing in All of America Act of 2025) and its SBIC leverage-limit exclusions and updated caps.

Center

The Well News·Jul 1, 2025

Closing the Capital Gap in Rural America Is Possible

Opinion piece arguing the Investing in All of America Act would expand SBIC investment in rural areas; discusses the program and why leverage incentives could shift capital beyond major metros.

Center Right

No votes or related bills recorded for this bill yet.