SBIA applauds Senate passage of the Investing in All of America Act, bill heads to President’s desk
Bipartisan small business investment legislation clears Senate by unanimous consent
WASHINGTON, D.C. (April 16, 2026) – The Small Business Investor Alliance (SBIA) today applauds Senate passage of the Investing in All of America Act (H.R. 2066). The legislation, which passed the U.S. House of Representatives unanimously in December 2025, now heads to President Trump’s desk for signature.
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.
“This bipartisan legislation doubles down on one of the most successful, effective tools the federal government has available to drive more capital to areas that need it most, the Small Business Investment Company program,” said SBIA President Brett Palmer. “We’re grateful to Senators Marshall and Hickenlooper for their leadership. American small businesses deserve policies that empower growth.”
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.
The Investing in All of America Act passed the U.S. House unanimously on December 1, 2025, and cleared the Senate by unanimous consent on April 15, 2026. SBIA thanks the broad, bipartisan coalition of lawmakers who championed this legislation and urges the President to sign it into law promptly.
Bipartisan Congressional Support
U.S. House of Representatives (H.R. 2066)
Lead Sponsors: Rep. Dan Meuser (R-PA) and Rep. Hillary Scholten (D-MI)
Co-Sponsors: Rep. Tony Wied (R-WI), Rep. Brian Fitzpatrick (R-PA), Rep. Nick LaLota (R-NY), Rep. Sharice Davids (D-KS), Rep. Donald Davis (D-NC), Del. Kimberlyn King-Hinds (D-USVI), Rep. Eugene Vindman (D-VA)
Floor Action: Brought to the floor by House Small Business Committee Chairman Roger Williams (R-TX); passed unanimously.
U.S. Senate (S. 3341)
Lead Sponsors: Sen. John Hickenlooper (D-CO) and Sen. Roger Marshall (R-KS)
Co-Sponsors: Sen. Chris Coons (D-DE), Sen. Cory Booker (D-NJ), Sen. Jacky Rosen (D-NV), Sen. Jon Husted (R-OH), Sen. Ted Budd (R-NC), Sen. Todd Young (R-IN)
Committee: Senate Committee on Small Business and Entrepreneurship, chaired by Sen. Joni Ernst (R-IA).
About the Small Business Investor Alliance (SBIA)
The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA works on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for over 65 years. For more information, visit www.SBIA.org or call (202) 628-5055.
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