# 119-hr-2066: Investing in All of America Act of 2025

119-hr-2066, Investing in All of America Act of 2025, is a 119th Congress bill sponsored by Rep. Meuser, Daniel [R-PA-9] (R-PA); status became_law; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-2066
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-2066
- Congress: 119
- Title: Investing in All of America Act of 2025
- Status: became_law
- Introduced: 2025-03-11
- Sponsor: Rep. Meuser, Daniel [R-PA-9] (R-PA)
- Cosponsors: 8
- Policy area: Commerce
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Expands leverage exclusions for Small Business Investment Companies (SBICs)** to widen which investments and firms can be excluded when calculating leverage, with new dollar caps and a rule that only future investments qualify. It targets rural and low-income areas, critical technology sectors, and small manufacturers while tightening some limits. - Redefines SBIC leverage math. It lowers a baseline multiplier from 300 to 200 and creates two alternative dollar thresholds that vary by interest payment frequency. - Broadens which businesses qualify. Eligible entities now include small firms in low-income or rural areas, covered technology categories, and small manufacturers, and excluded leverage per company is limited to the lesser of 50 percent of private capital or $125 million, and applies only to investments made after enactment. - Adds control- and payment-based caps and a government-funding carveout. Commonly controlled firms can access higher exclusions up to $475 million for quarterly or semiannual payers or up to $350 million otherwise. Funds provided by federal, state, or local governments generally do not count toward exclusions except for certain pension, foundation, endowment, or college trust sources.

## Cosponsors (8)

- Rep. Scholten, Hillary J. [D-MI-3] (D-MI), 2025-03-11T00:00:00.000Z
- Rep. Wied, Tony [R-WI-8] (R-WI), 2025-03-25T00:00:00.000Z
- Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA), 2025-03-31T00:00:00.000Z
- Del. King-Hinds, Kimberlyn [R-MP-At Large] (R-MP), 2025-03-31T00:00:00.000Z
- Rep. Davids, Sharice [D-KS-3] (D-KS), 2025-03-31T00:00:00.000Z
- Rep. Davis, Donald G. [D-NC-1] (D-NC), 2025-03-31T00:00:00.000Z
- Rep. LaLota, Nick [R-NY-1] (R-NY), 2025-04-07T00:00:00.000Z
- Rep. Vindman, Eugene Simon [D-VA-7] (D-VA), 2025-07-25T00:00:00.000Z

## Provisions PRIA read

- New rules on which investor funds count: mixed, medium. The law changes which private money counts when the Small Business Administration approves leverage. It adds foundations, endowments, and trusts of colleges or universities to eligible private sources and removes the “set up before October 1, 1987” rule. Money from federal, state, or local governme…
- Targeted small-business investing with new caps: mixed, medium. The law expands which small firms qualify for leverage exclusions: those in low-income or rural areas, in covered technology fields, and small manufacturers. Licensed investment funds that back small businesses can apply the limits to a company or to related companies as a group. Company caps are $…

## Related bills

- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-9250: Great American Outdoors Act 250
- 119-hr-5401: Pay Our Troops Act of 2026
- 119-hr-2102: Major Richard Star Act
- 119-hr-4669: FEMA Act of 2025

## Sources
- [119-hr-2066 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/2066)

## Related
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-9250: Great American Outdoors Act 250](https://policyrisk.com/legislation/119-hr-9250)
- [119-hr-5401: Pay Our Troops Act of 2026](https://policyrisk.com/legislation/119-hr-5401)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-4669: FEMA Act of 2025](https://policyrisk.com/legislation/119-hr-4669)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-2066 (as of 2026-09-21).