# 119-s-3341: Investing in All of America Act of 2025

119-s-3341, 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-3341
- 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-3341
- Congress: 119
- Title: Investing in All of America Act of 2025
- Status: introduced
- Introduced: 2025-12-03
- Sponsor: Sen. Hickenlooper, John W. [D-CO] (D-CO)
- Cosponsors: 7
- Policy area: Commerce
- Touches household money: yes
- Last recorded action: 2026-09-10

## Summary

**Expand leverage-exclusion for Small Business Investment Companies** to steer more private capital into rural and low-income communities, critical technology sectors, and small manufacturers. The bill would rewrite which funds count as leverage, reset numeric caps, and limit exclusions to investments made after enactment. - Would change how SBICs calculate leverage, lowering a base exclusion cap to $200 million and raising the maximum exclusion for commonly controlled portfolios to $475 million for certain payment schedules. - Makes investments in small businesses located in low-income or rural areas, companies in defined covered technology categories, and small manufacturers eligible for exclusion, widening the types of firms SBICs can support. - Clarifies that funds from federal, state, or local governments generally are not treated as leverage, allows foundations, endowments, and university trusts as permissible fund sources, and limits the total excluded amount to the lesser of 50 percent of private capital or $125 million while applying exclusions only to post-enactment investments.

## Cosponsors (7)

- Sen. Marshall, Roger [R-KS] (R-KS), 2025-12-03T00:00:00.000Z
- Sen. Young, Todd [R-IN] (R-IN), 2025-12-03T00:00:00.000Z
- Sen. Coons, Christopher A. [D-DE] (D-DE), 2025-12-03T00:00:00.000Z
- Sen. Husted, Jon [R-OH] (R-OH), 2026-01-28T00:00:00.000Z
- Sen. Booker, Cory A. [D-NJ] (D-NJ), 2026-02-10T00:00:00.000Z
- Sen. Rosen, Jacky [D-NV] (D-NV), 2026-02-10T00:00:00.000Z
- Sen. Budd, Ted [R-NC] (R-NC), 2026-03-11T00:00:00.000Z

## Provisions PRIA read

- New private investment rules for small businesses: mixed, medium. If enacted, this bill would change how Small Business Investment Companies (SBICs) count investments when calculating their federal leverage. It would lower the base exclusion cap from $300 million to $200 million, but let qualifying companies exclude up to $250 million if they make quarterly or se…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-339: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.
- 119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewellyn Kyl, former Senator for the State of Arizona.
- 119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham, a Senator from the State of South Carolina.
- 119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former Senator for the State of Michigan.

## Sources
- [119-s-3341 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/3341)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-339: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-s-339)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [119-sres-897: A resolution honoring the life, service, and legacy of the Honorable Jon Llewel…](https://policyrisk.com/legislation/119-sres-897)
- [119-sres-801: A resolution honoring the life and legacy of the Honorable Lindsey Olin Graham,…](https://policyrisk.com/legislation/119-sres-801)
- [119-sres-755: A resolution honoring the life of the Honorable Donald W. Riegle, Jr., former S…](https://policyrisk.com/legislation/119-sres-755)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-3341 (as of 2026-09-10).