Investing in All of America Act of 2025

Message on Senate action sent to the House.

2026-04-16

<p><strong>Investing in All of America Act of 2025</strong></p><p>This bill modifies the limit on the amount of financing available to a&nbsp;Small Business Investment Company (SBIC)&nbsp;from the Small Business Administration (SBA). It also expands the definition of private capital with respect to SBICs.</p><p>Specifically, the bill reduces the&nbsp;maximum outstanding financing available to an SBIC from 300% to 200% of the SBIC's private capital.&nbsp;The bill increases from $350 million to $450 million the maximum financing available to two or more commonly controlled SBICs that make quarterly or semiannual interest payments.</p><p>The bill also&nbsp;expands the amounts that may be excluded from the calculation of the&nbsp;financing limit to include the amounts an SBIC invests in (1) rural areas, (2)&nbsp;certain technology categories, or (3) small manufacturers. The bill revises the&nbsp;cap on such excluded amounts&nbsp;to&nbsp;the lesser of $125 million or the aggregate of 50% of the private capital of the SBIC.</p><p>Additionally, the bill expands what is considered the private capital of an&nbsp;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.</p>