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Public Law119th CongressCommerce
H.R. 2066Became Law

Investing in All of America Act of 2025

This bill became law

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What it doesSummary public law (May 19, 2026)

Investing in All of America Act of 2025

This act 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 act reduces the maximum outstanding financing available to an SBIC from 300% to 200% of the SBIC's private capital. The act 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 act 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 act 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 act 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.

What just happenedMay 19, 2026

Became Public Law No: 119-92.

Who’s behind it

Rep. Meuser, Daniel [R-PA-9](R-PA)Sponsor
8 cosponsors4 D4 R
Read on Congress.gov
8cosponsors2committees26actions3related bills
  1. May 19, 2026PresidentE40000

    Became Public Law No: 119-92.

  2. May 19, 2026BecameLaw36000

    Became Public Law No: 119-92.

  3. May 19, 2026PresidentE30000

    Signed by President.

  4. May 19, 2026BecameLaw36000

    Signed by President.

  5. May 12, 2026FloorE20000

    Presented to President.

  6. May 12, 2026President28000

    Presented to President.

  7. Apr 16, 2026Floor

    Message on Senate action sent to the House.

  8. Apr 15, 2026Floor

    Passed Senate without amendment by Unanimous Consent. (consideration: CR S1789-1790)

  9. Apr 15, 2026Floor17000

    Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.

  10. Apr 15, 2026Discharge

    Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.

    Small Business and Entrepreneurship Committee
  11. Apr 15, 2026Committee14500

    Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.

    Small Business and Entrepreneurship Committee
  12. Dec 2, 2025IntroReferral

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

    Small Business and Entrepreneurship Committee
  13. Dec 1, 2025FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  14. Dec 1, 2025FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4918)

  15. Dec 1, 2025Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4918)

  16. Dec 1, 2025FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 2066.

  17. Dec 1, 2025FloorH30000

    Considered under suspension of the rules. (consideration: CR H4918-4919)

  18. Dec 1, 2025FloorH30300

    Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.

  19. Aug 15, 2025CalendarsH12410

    Placed on the Union Calendar, Calendar No. 185.

  20. Aug 15, 2025CommitteeH12200

    Reported (Amended) by the Committee on Small Business. H. Rept. 119-227.

    Small Business Committee
  21. Aug 15, 2025Committee5000

    Reported (Amended) by the Committee on Small Business. H. Rept. 119-227.

    Small Business Committee
  22. Jul 22, 2025CommitteeH19000

    Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 0.

    Small Business Committee
  23. Jul 22, 2025CommitteeH15001

    Committee Consideration and Mark-up Session Held

    Small Business Committee
  24. Mar 11, 2025IntroReferralH11100

    Referred to the House Committee on Small Business.

    Small Business Committee
  25. Mar 11, 2025IntroReferralIntro-H

    Introduced in House

  26. Mar 11, 2025IntroReferral1000

    Introduced in House

Public LawMay 19, 202649

Investing in All of America Act of 2025

This act 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 act reduces the maximum outstanding financing available to an SBIC from 300% to 200% of the SBIC's private capital. The act 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 act 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 act 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 act 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.

Reported to HouseAug 15, 202507

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.

Investing in All of America Act of 2025 — Informed