Investing in All of America Act of 2025
Sponsored By: Representative Meuser, Daniel [R-PA-9]
To President
Summary
Expands leverage exclusions for Small Business Investment Companies to push more private capital into low‑income, rural, technology, and manufacturing small businesses. It broadens eligible funds and firms, sets tiered exclusion caps, and ties exclusions to a firm's private capital.
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- Small businesses in low‑income and rural areas, covered technology categories, and small manufacturers gain stronger access to SBIC investment because more investments qualify for excluded leverage. Investments must be made after enactment.
- SBICs and fund managers can exclude larger amounts of leverage from their outstanding calculations. Caps are tiered with limits such as $200 million for some licensees and up to $475 million for commonly controlled firms depending on payment schedules.
- The bill widens which private and government‑sourced funds count as excluded capital and limits aggregate exclusions to the lesser of 50% of private capital or $125 million to keep exclusions proportionate.
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 0 benefits, 1 costs, 2 mixed.
More fund help for rural and tech, with caps
If enacted, small-business investment funds would get added exclusion when they back firms in low-income or rural areas, covered technology, or small manufacturers. The excluded amount would be capped at the lesser of 50% of private capital or $125 million per company. For commonly controlled groups, the total cap would be $475 million with quarterly or semiannual interest payments, or $350 million otherwise. For one company, the cap would be $250 million with quarterly or semiannual payments, or $175 million otherwise. Only investments made after enactment would qualify for exclusion from outstanding leverage.
Small-business fund limit lowered
If enacted, one limit in the small-business investment law would drop from 300 to 200. This is a narrow text change that lowers the ceiling set in that clause.
Foundations count, government funds do not
If enacted, foundations, endowments, and college or university trusts would count as excluded private capital for leverage approval. The bill would also drop the rule that certain funds had to be set up before October 1, 1987. Money from federal, state, or local governments would not count as excluded private capital, except for certain items already listed in the law.
Sponsors & CoSponsors
Sponsor
Meuser, Daniel [R-PA-9]
PA • R
Cosponsors
Rep. Scholten, Hillary J. [D-MI-3]
MI • D
Sponsored 3/11/2025
Wied
WI • R
Sponsored 3/25/2025
Rep. Fitzpatrick, Brian K. [R-PA-1]
PA • R
Sponsored 3/31/2025
Del. King-Hinds, Kimberlyn [R-MP-At Large]
MP • R
Sponsored 3/31/2025
Rep. Davids, Sharice [D-KS-3]
KS • D
Sponsored 3/31/2025
Davis (NC)
NC • D
Sponsored 3/31/2025
LaLota
NY • R
Sponsored 4/7/2025
Rep. Vindman, Eugene Simon [D-VA-7]
VA • D
Sponsored 7/25/2025
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov