# 119-s-2411: Scale-Up Manufacturing Investment Company Act of 2025

119-s-2411, Scale-Up Manufacturing Investment Company Act of 2025, is a 119th Congress bill sponsored by Sen. Booker, Cory A. [D-NJ] (D-NJ); status introduced; PRIA reads it as touching household money (as of 2026-09-10).

- Canonical: https://policyrisk.com/legislation/119-s-2411
- 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-2411
- Congress: 119
- Title: Scale-Up Manufacturing Investment Company Act of 2025
- Status: introduced
- Introduced: 2025-07-23
- Sponsor: Sen. Booker, Cory A. [D-NJ] (D-NJ)
- Cosponsors: 0
- Policy area: Commerce
- Touches household money: yes
- Last recorded action: 2026-09-10

## Summary

**This bill would create a federal program to deliver targeted _scale-up financing for small and emerging manufacturers_.** It pairs public leverage with private investment to help technology-intensive firms bridge the funding gap between prototype and commercial production. - Small and emerging manufacturers would gain access to debt and equity from licensed participating funds for qualifying manufacturing projects, with a rule that leverage may cover no more than 50% of any project. - Participating investment funds would face licensing and reporting rules, must meet manager experience and fundraising criteria, and could receive up to $1 of federal leverage for each $1 of private capital with a per-fund leverage cap of $500 million. - Banks could invest in these funds up to 5% of their capital and surplus, and the Administration may buy or guarantee fund debentures and preferred securities, with guarantees backed by the full faith and credit of the United States.

## Provisions PRIA read

- Federal leverage and guarantee limits: benefit, high. If enacted, the Administrator could give a licensed fund up to $1 of federal leverage for each $1 of private capital raised. A fund's outstanding leverage in one year would be capped at $500 million and all funds together at $1 billion. At least 70% of leverage must be debentures and up to 30% can…
- New financing program for small manufacturers: benefit, medium. If enacted, the bill would create a new program to help small and emerging manufacturers get investment. The Administration would run the program and define who and what projects qualify. Licensed funds that get federal leverage would have to use it for qualifying manufacturers. The Administration…
- Bank incentives and legal treatment: benefit, medium. If enacted, bank exams under the Community Reinvestment Act would count investments in participating funds as a factor. The Bank Holding Company Act would also be updated to explicitly include investments in participating funds. These changes could make banks more likely to invest in the funds.
- Rules and oversight for participating funds: cost, medium. If enacted, participating funds must have at least $250 million in private capital. No single investment may exceed 10% of a fund's total capital. Banks may invest but no bank may invest more than 5% of its capital and surplus. For any project, no more than 50% of the money a fund provides may be f…
- Advisory council and rulemaking power: mixed, low. If enacted, the Administrator could set up a five‑member advisory council to advise on the program and give an annual briefing. The Administrator would also be able to issue regulations needed to run the program.

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-5022: Cannabis Administration and Opportunity Act
- 119-s-5283: Momnibus Act
- 119-s-1507: Agriculture Resilience Act of 2025
- 119-s-4504: Full-Service Community School Expansion Act of 2026
- 119-s-3990: PrEP Access and Coverage Act of 2026

## Sources
- [119-s-2411 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2411)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-5022: Cannabis Administration and Opportunity Act](https://policyrisk.com/legislation/119-s-5022)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [119-s-1507: Agriculture Resilience Act of 2025](https://policyrisk.com/legislation/119-s-1507)
- [119-s-4504: Full-Service Community School Expansion Act of 2026](https://policyrisk.com/legislation/119-s-4504)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2411 (as of 2026-09-10).