Investing in All of America Act
Modernizing SBICs to Expand Capital for America's Small Businesses
The Investing in All of America Act strengthens the successful Small Business Investment Company (SBIC) program
so more long-term capital can flow to rural and low-income communities, U.S. manufacturers, and industries critical to national security and supply chain resilience.
It’s smart small business policy: 100% of Investment in America and 100% in Small Businesses.
10.6 Million+ New Jobs
created or supported by SBIC-backed businesses
since 1995
$140 Billion+ Invested
in U.S. businesses
since 1958
200,000+ Investments
in U.S. businesses since
since 1958
Why This Legislation Is Needed
Small Business Investment Companies (SBICs) invest exclusively in American small businesses. Their leverage limits have not been updated since 2015 (single license) and 2018 (family of funds), even as capital needs for small businesses have grown.
Time and inflation have eroded the SBIC program’s real investment capacity, making it harder for small businesses to get the growth capital they need.
The Investing in All of America Act:
- Enables more investment in small American businesses across all of America, with additional benefits for investments made in rural and low-income areas of America without subsidies or additional spending;
- Is specifically designed to support domestic manufacturing and critical technologies; and
- Maintains strong safeguards that protect taxpayers.
Key Provisions
Bill Status
- The Investing in All of America Act (H.R. 2066) passed the U.S. House of Representatives on December 1, 2025.
- Companion legislation has been introduced in the U.S. Senate with bipartisan support.
What Congress is Saying
[SBICs are] one of the most effective tools we have to get capital into the hands of entrepreneurs. Our bill improves the program so more investment reaches rural and underserved communities, small manufacturers, and critical technology sectors—helping grow businesses, create jobs, and strengthen America’s supply chains.”
Congressman Dan Meuser (R-PA)
"Small businesses are the backbone of our economy, yet far too many in rural and underserved communities struggle to access the capital they need to grow and thrive. The bipartisan Investing in All of America Act is about ensuring that every entrepreneur has a fair shot at success."
Congresswoman Hillary Scholten (D-MI)
"Access to capital is essential for small businesses to grow and thrive, but far too often, rural and low-income communities across Kansas are left behind. By excluding investments in these communities from the leverage that SBICs can access, we’re encouraging targeted investment where it’s needed most, all without costing taxpayers a dime."
Senator Roger Marshall (R-KS)
"Small businesses are the engine of our economy, but they often struggle to get the capital they need to create jobs. Our bipartisan bill will help small businesses in rural and low-income communities flourish.”
Senator John Hickenlooper (D-CO)
What Are SBICs?
SBICs are privately managed investment funds that are licensed and regulated by the U.S. Small Business Administration (SBA). SBICs invest exclusively in American small businesses, with the private sector taking the lead in identifying promising opportunities and SBA providing match funding through low-cost leverage.
This public-private model has a long record of success as a zero-subsidy partnership that:
- Drives long-term growth capital to small businesses
- Helps companies expand, innovate, and hire
- Supports local economies with job creation in every state and region of the country
Small businesses are the backbone of the American economy, responsible for roughly two-thirds of all new jobs created in our country. Yet, far too many local businesses — especially in rural and underserved communities — still struggle to access the capital they need to grow and thrive.
The Investing in All of America Act is a zero-subsidy, public-private partnership.
No new federal spending. No new taxpayer costs. No new regulatory burdens.
Small Business Investment Companies Are Making an Impact in Your State
*All data provided courtesy of the U.S. Small Business Administration (SBA). SBA excludes data where privacy concerns arise due to small sample sizes.
“By modernizing leverage levels and creating usable incentives, this bill ensures SBICs can continue supporting innovative, job-creating small businesses across the country.
—Brett Palmer, President, Small Business Investor Alliance
Investing in All of America Act News Feed
SBIA Applauds House Passage of the Investing in All of America Act
Legislation advances effort to expand access to capital for small businesses, particularly those in the manufacturing sector, in industries critical to national security, and in rural or low-income areas.
Read Full ReleaseSBIA Applauds Committee Passage of the Investing in All of America Act
Legislation advances effort to expand access to capital for small businesses, particularly those in the manufacturing sector, in industries critical to national security, and in rural or low-income areas.
Read Full Release[The Well] Closing the Capital Gap in Rural America Is Possible
Read an excerpt from an opinion piece by SBIA President Brett Palmer published in The Well.
Read Full ReleaseSBIA Middle Market Council Chair: “SBICs Help U.S. Manufacturers and Small Businesses Grow and Succeed in Rural America”
Jordan Bastable, Small Business Investor Alliance (SBIA) Board Member and Chair of the Middle Market Council, testified before the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access about expanding access to capital.
Read Full ReleaseHow You Can Support the Investing In All of America Act
Policymakers need to hear from constituents, entrepreneurs, and investors who understand how critical long-term capital is to America’s small businesses. Urge your Senators and your Representative to support the Investing in All of America Act and expand access to growth capital.
Small Business Investor Alliance
529 14th Street, NW, Suite 400
Washington, DC 20045
Phone: 202-628-5055
The Small Business Investor Alliance is the premier organization of lower middle market private equity funds and investors.