Investing in All of America Act of 2025
Where it stands
- Introduced3/11/25
- Passed HousePassed 12/1/25
- SenatePassed 4/15/26
- PresidentSigned 5/19/26
- LawPublic Law 119-92
Passed the House by voice vote on December 1, 2025. Passed the Senate by unanimous consent on April 15, 2026. Became Public Law 119-92 on May 19, 2026.
Passed by voice vote or unanimous consent — no individual positions were recorded.
Investing in All of America Act of 2025
This bill modifies the limit on the amount of financing available to a Small Business Investment Company (SBIC) from the Small Business Administration (SBA). It also expands the definition of private capital with respect to SBICs.
Specifically, the bill reduces the maximum outstanding financing available to an SBIC from 300% to 200% of the SBIC's private capital. The bill increases from $350 million to $475 million the maximum financing available to two or more commonly controlled SBICs that make quarterly or semiannual interest payments.
The bill also expands the amounts that may be excluded from the calculation of the financing limit to include the amounts an SBIC invests in (1) rural areas, (2) certain technology categories, or (3) small manufacturers. The bill revises the cap on such excluded amounts to the lesser of $125 million or the aggregate of 50% of the private capital of the SBIC.
Additionally, the bill expands what is considered the private capital of an SBIC to include funds obtained from the business revenue of additional government-sponsored corporations and funds invested by the trust or endowment of a college or university.
What happens next
Became Public Law 119-92.
All actions (20)
- 3/11/25Introduced in House
- 3/11/25Referred to the House Committee on Small Business.
- 7/22/25Committee Consideration and Mark-up Session Held
- 7/22/25Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 0.
- 8/15/25Reported (Amended) by the Committee on Small Business. H. Rept. 119-227.
- 8/15/25Placed on the Union Calendar, Calendar No. 185.
- 12/1/25Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.
- 12/1/25Considered under suspension of the rules. (consideration: CR H4918-4919)
- 12/1/25DEBATE - The House proceeded with forty minutes of debate on H.R. 2066.
- 12/1/25Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4918)
- 12/1/25On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4918)
- 12/1/25Motion to reconsider laid on the table Agreed to without objection.
- 12/2/25Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 4/15/26Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.
- 4/15/26Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
- 4/15/26Passed Senate without amendment by Unanimous Consent. (consideration: CR S1789-1790)
- 4/16/26Message on Senate action sent to the House.
- 5/12/26Presented to President.
- 5/19/26Signed by President.
- 5/19/26Became Public Law No: 119-92.