President signs the Investing in All of America Act into law, SBIA applauds bipartisan win for small business

Bill strengthens the SBIC program to direct more private capital to rural communities, manufacturers, and industries critical to national security

WASHINGTON, D.C. (May 19, 2026) – The Small Business Investor Alliance (SBIA) today applauds President Trump’s signing of the Investing in All of America Act (H.R. 2066) into law. The legislation passed the U.S. House of Representatives unanimously on December 1, 2025, and cleared the U.S. Senate by unanimous consent on April 15, 2026.

Championed in the Senate by Senators Roger Marshall (R-KS) and John Hickenlooper (D-CO) and led in the House by Representatives Dan Meuser (R-PA) and Hillary Scholten (D-MI), the bill reflects strong bipartisan commitment to expanding capital access for America’s small businesses. The bill advanced with bipartisan leadership from the Small Business committees in both chambers. In the House, Chairman Roger Williams (R-TX) and Ranking Member Nydia Velázquez (D-NY) shepherded the bill to the floor. In the Senate, Chairwoman Joni Ernst (R-IA) and Ranking Member Edward Markey (D-MA) advanced the legislation through the upper chamber.

The legislation strengthens Small Business Investment Companies (SBICs) to expand access to growth capital for American small businesses. Through targeted adjustments to existing capital limits, the bill is designed to increase the flow of private capital to domestic manufacturers, national security and technology-driven businesses, and companies located in rural or low-income communities – all without increasing federal spending or regulatory burdens.

“Today is a great day for America’s small businesses,” said SBIA President Brett Palmer. “The Investing in All of America Act is proof that when policy is built around what works – investing in small businesses, supporting domestic manufacturing, and strengthening communities without costing taxpayers a dime – Washington can come together and get it done. We thank President Trump for signing this bill into law, and we’re grateful to Representatives Meuser and Scholten and Senators Marshall and Hickenlooper for their bipartisan leadership.”

Testifying before the House Small Business Committee in April 2025, SBIA President Brett Palmer described the bill’s potential to fundamentally shift how SBICs deploy capital. Palmer told lawmakers that the legislation would encourage investment firms to seek more opportunities for small businesses in rural areas and the manufacturing sector – precisely the communities where new capital is needed most.