Investing in All of America Act
Expanding capital access to underserved small businesses across every community
Small businesses are the backbone of the American economy and power two-thirds of U.S. job creation. Yet far too many in rural and underserved communities struggle to access the capital they need to grow and thrive. By modernizing the SBIC program, this legislation will help funnel vital funding into our nation's small businesses—economic engines that drive innovation, create jobs, and strengthen supply chain resilience. This reform does not increase federal spending, taxpayer costs, or regulatory burdens—it's smart policy that expands opportunities to increase small business investment across America.
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
made across 49 states
(since 1958)
About the Investing in All of America Act
The Investing in All of America Act is bipartisan legislation designed to expand capital access for small businesses by increasing the amount of capital that Small Business Investment Companies (SBICs) have to invest in small businesses, particularly those in rural or low-income areas, in the manufacturing sector, and in industries critical to national security.
This is smart policy that helps small businesses access the capital they need to grow, particularly in underserved parts of the country, without new federal spending, regulations, or mandates.
Bipartisan Leadership
House Sponsors:Â Rep. Dan Meuser (R-PA) and Rep. Hillary Scholten (D-MI)
Senate Sponsors:Â Sen. John Hickenlooper (D-CO) and Sen. Roger Marshall (R-KS)
Bill Status
The legislation passed the U.S. House of Representatives unanimously in April 2024, and attracted 15 cosponsors in the 118th Congress (10 Republicans, 5 Democrats), demonstrating overwhelming bipartisan support for expanding small business investment opportunities.
See How Small Business Investment Companies Are Making An Impact In Your State Â
*All data provided courtesy of the U.S. Small Business Administration (SBA). SBA excludes data where privacy concerns arise due to small sample sizes.
“One of the biggest barriers to economic growth across our country is that parts of America are overlooked economically ...
We can, and should, do better in expanding opportunity to all of America. That is where the Investing in All of America Act comes in.
—Brett Palmer, President, Small Business Investor Alliance
Key Provisions
Modernized Bonus Leverage
The bill would exempt investments in rural or low-income areas, domestic manufacturing, and industry sectors that are critical to national security from the leverage cap.
Inflation Adjustments
The legislation would adjust leverage caps on Small Business Investment Companies to account for inflation, ensuring the SBIC program's strength keeps pace with market conditions.
Support for Strategic Industries
The bill modernizes the SBIC program to support investment in underserved communities, domestic manufacturers, and strategic industries, helping more capital reach the small businesses that power job creation, innovation, and supply chain resilience.
No New Taxpayer Cost
The SBIC program operates without taxpayer subsidy. There is no new spending, no additional cost to taxpayers, or new regulatory burden associated with this reform.
SBIC Impact Stories Across America
Small Business Investment Companies are making a real difference in communities across all 50 states. Click on the image to see examples of how SBIC investments have helped small businesses grow, create jobs, and strengthen their communities. These stories demonstrate the tangible impact of expanding SBIC capital access through the Investing In All of America Act.
Investing in All of America Act News Feed
Role of SBICs, RBICs Highlighted at Senate Small Business Committee Hearing
At a Senate Small Business Committee hearing, SBIA Board Chair Ben Geis and RBIC Council Chair John Mickelson highlighted the important role SBICs and RBICs play in driving investment to rural areas and critical industries.
Read Full Release[Capitol Account] A Trade Group Chief Talks Small Business Investing
Read an excerpt from an opinion piece by SBIA President Brett Palmer published in The Washington Reporter.
Read Full ReleaseAt House Small Business Committee Hearing, SBIA President Brett Palmer Advocates for Solutions to Boost Investment in American Small Businesses & Manufacturers
Palmer Emphasizes Critical Role Small Business Investment Companies Have In Expanding Access to Capital in Rural and Underserved Areas
Read Full ReleaseSBIA Expresses Support for Investing in All of America Act
House bill will expand access to capital for small businesses, particularly those in rural or low-income areas.
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Support the Investing In All of America Act
This bipartisan legislation is smart policy that will help small businesses access the capital they need to grow, particularly in underserved parts of the country.
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.