# 119-s-1917: Investing in All of America Act of 2025

119-s-1917, Investing in All of America Act of 2025, is a 119th Congress bill sponsored by Sen. Hickenlooper, John W. [D-CO] (D-CO); status introduced; PRIA reads it as touching household money (as of 2026-09-10).

- Canonical: https://policyrisk.com/legislation/119-s-1917
- As of: 2026-09-10
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1917
- Congress: 119
- Title: Investing in All of America Act of 2025
- Status: introduced
- Introduced: 2025-05-22
- Sponsor: Sen. Hickenlooper, John W. [D-CO] (D-CO)
- Cosponsors: 3
- Policy area: Commerce
- Touches household money: yes
- Last recorded action: 2026-09-10

## Summary

**Would let Small Business Investment Companies exclude certain targeted investments from their leverage caps to steer more private capital to rural, low‑income, critical technology, and small manufacturing firms.** This bill would broaden which private funds qualify for exclusion, set new dollar baselines and caps, add annual CPI adjustments, and tighten treatment of government‑sourced funds. - Targeted small businesses: Firms in rural or low‑income areas, those operating in designated critical technology categories, and small manufacturers would be able to attract more leveraged investment because qualifying investments can be excluded from outstanding leverage. The per‑company excluded amount may not exceed the lesser of 50 percent of private capital or $125 million. - SBICs and licensees: The bill sets new baseline exclusion amounts of $175 million for covered companies and two‑part caps that can reach $350 million for commonly controlled companies. Those dollar limits are adjusted annually by the Consumer Price Index and apply only to investments made after enactment. - Private funds and government money: It expands private fund categories eligible for exclusion to include college and university foundations, endowments, and trusts while generally barring funds obtained from federal, state, or local governments from exclusion except for those newly specified private fund categories.

## Cosponsors (3)

- Sen. Marshall, Roger [R-KS] (R-KS), 2025-05-22T00:00:00.000Z
- Sen. Rosen, Jacky [D-NV] (D-NV), 2026-02-04T00:00:00.000Z
- Sen. Booker, Cory A. [D-NJ] (D-NJ), 2026-02-04T00:00:00.000Z

## Provisions PRIA read

- More leverage for small businesses: mixed, high. If enacted, the bill would let SBICs exclude more investments from their leverage limit when the investments go to small businesses in low-income or rural areas, small manufacturers, or firms in covered critical technology fields. It would change which private funds count for that exclusion by addi…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-410: Love Lives On Act of 2025
- 119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025
- 119-s-1261: CONNECT for Health Act of 2025

## Sources
- [119-s-1917 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1917)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3923)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-410: Love Lives On Act of 2025](https://policyrisk.com/legislation/119-s-410)
- [119-s-1816: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-s-1816)
- [119-s-1261: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-s-1261)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1917 (as of 2026-09-10).