Investing in All of America Act of 2023

The Investing in All of America Act of 2023 aims to drive more private investment into small businesses located in rural areas and those developing critical technologies, such as semiconductors and artificial intelligence. The bill updates the rules for Small Business Investment Companies (SBICs)—privately owned investment funds licensed by the Small Business Administration—by allowing them to exclude investments made in these specific regions and industries from their federal debt limits. By providing these incentives and expanding the types of capital these funds can use, the legislation seeks to stimulate economic growth and job creation in underserved communities and high-tech sectors that are vital to national security.