Investing in All of America Act of 2025

The Investing in All of America Act of 2025 would change how the Small Business Administration finances small business investment companies, or SBICs. Currently, the SBA can provide financing up to 300% of an SBIC's private capital, but this bill would reduce that limit to 200%. For groups of commonly controlled SBICs, the maximum financing would increase from $350 million to $450 million.

The bill would also expand what counts as private capital for SBICs to include funds from government-sponsored corporations and college or university endowments and trusts. Additionally, it would allow SBICs to exclude certain investments from their financing limits, specifically investments in rural areas, certain technology categories, and small manufacturers. These excluded investments would be capped at the lesser of $125 million or 50% of the SBIC's private capital.

If enacted, these changes would aim to encourage small business investment companies to direct more capital toward rural development, emerging technologies, and small manufacturers. By adjusting financing limits and expanding eligible capital sources, the bill could make it easier for SBICs to support small businesses in underserved areas and sectors. The bill has passed the House and is currently under review by the Senate Committee on Small Business and Entrepreneurship.