US Congress · 119th Congress (2025-2026)

HR 2066Law

Investing in All of America Act of 2025

Source of recordUS Congress · congress.govLast synced Jul 19, 2026

Chamber

House

Progress

Where this bill stands in the legislative process.

Introduced
Passed House
Passed Senate
To President
Became Law

Overview

The Investing in All of America Act of 2025 modifies the rules for Small Business Investment Companies (SBICs) to encourage investment in specific areas. It reduces the maximum leverage an SBIC can take on to 200% of its private capital, and expands the definition of private capital to include funds from government-sponsored corporations and university endowments. The bill also allows SBICs to exclude certain investments – including those in low-income areas, critical technology, and small manufacturers – from leverage calculations, up to a maximum of $125 million.

Key provisions

Reduces the maximum SBIC leverage from 300% to 200% of private capital.
Expands the definition of ‘private capital’ to include funds from government-sponsored corporations and university endowments.
Allows SBICs to exclude investments in low-income areas, critical technology, and small manufacturers from leverage calculations.
Sets a maximum exclusion amount of $125 million for these excluded investments.
Introduces an annual adjustment mechanism to account for inflation in the exclusion amounts.
Specifies that investments made after the bill’s enactment are eligible for exclusion.
Clarifies that funds from federal, state, or local government are not eligible for exclusion.

Who is affected

Small Business Investment Companies (SBICs)
Small businesses
Investors in SBICs
Rural communities

Bill text

Read the latest version inline or switch to a previous version.

Mar 11, 2025XMLView source

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Legislative history

26 recorded actions · showing the most recent 12

Dec 2, 2025Senate

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Apr 15, 2026Senate

Passed Senate without amendment by Unanimous Consent. (consideration: CR S1789-1790)

Apr 15, 2026

Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.

Apr 15, 2026Senate

Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.

Apr 15, 2026

Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.

Apr 16, 2026Senate

Message on Senate action sent to the House.

May 12, 2026House

Presented to President.

May 12, 2026

Presented to President.

May 19, 2026

Became Public Law No: 119-92.

May 19, 2026

Became Public Law No: 119-92.

May 19, 2026

Signed by President.

May 19, 2026

Signed by President.

Votes

Recorded roll calls and chamber actions on this bill.

Passage without roll call

The official record shows passage by unanimous consent or voice vote where no roll call was taken. No member-level tally is available for these steps, and the district map does not apply.

4/15/2026SenateUnanimous consent
Passed Senate without amendment by Unanimous Consent. (consideration: CR S1789-1790)
No roll-call vote on record for this action.
4/15/2026Unanimous consent
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
No roll-call vote on record for this action.
12/1/2025HouseVoice vote
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4918)
No roll-call vote on record for this action.
12/1/2025Voice vote
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4918)
No roll-call vote on record for this action.

Floor votes and chamber actions

Recorded roll calls list how each member voted. Unanimous consent or voice vote appears in the official action history without a roll call; no member-level tally is available for those steps.

Passage without roll call

Apr 15, 2026SenateUnanimous consent
Passed Senate without amendment by Unanimous Consent. (consideration: CR S1789-1790)
No roll-call vote on record for this action.
Apr 15, 2026Unanimous consent
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
No roll-call vote on record for this action.
Dec 1, 2025HouseVoice vote
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4918)
No roll-call vote on record for this action.
Dec 1, 2025Voice vote
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4918)
No roll-call vote on record for this action.

Geography

Recorded positions across the country.

No public positions recorded for this legislation.

Arguments

Reasons offered for and against this legislation.

Arguments in favor

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Arguments opposed

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Investing in All of America Act of 2025

Progress