H.R. 2066 · 119th Congress · Public Law 119-92
Investing in All of America Act of 2025
2 sections in the law, all of them in the bill as introduced.
Signed May 19, 2026 · Introduced March 11, 2025 in the House
Sponsor: Rep. Daniel Meuser (R-PA-9) · 8 cosponsors (4 D, 4 R)
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Official title
To amend the Small Business Investment Act of 1958 to exclude from the limit on leverage certain amounts invested in smaller enterprises located in rural or low-income areas and small businesses in critical technology areas, and for other purposes.
Official summary (Congressional Research Service) · as public law
This act modifies the limit on the amount of financing available to a Small Business Investment Company (SBIC) from the Small Business Administration (SBA). It also expands the definition of private capital with respect to SBICs.
Specifically, the act reduces the maximum outstanding financing available to an SBIC from 300% to 200% of the SBIC's private capital. The act increases from $350 million to $475 million the maximum financing available to two or more commonly controlled SBICs that make quarterly or semiannual interest payments.
The act also expands the amounts that may be excluded from the calculation of the financing limit to include the amounts an SBIC invests in (1) rural areas, (2) certain technology categories, or (3) small manufacturers. The act revises the cap on such excluded amounts to the lesser of $125 million or the aggregate of 50% of the private capital of the SBIC.
Additionally, the act expands what is considered the private capital of an SBIC to include funds obtained from the business revenue of additional government-sponsored corporations and funds invested by the trust or endowment of a college or university.
How it became law
- IntroducedMar 11
- CommitteeJul 22
- HouseDec 1
- SenateApr 15
- SignedMay 19
As introduced: To amend the Small Business Investment Act of 1958 to exclude from the limit on leverage certain amounts invested in smaller enterprises located in rural or low-income areas and small businesses in critical technology areas, and for other purposes.
Key steps, cosponsors and text changes (22)
Sponsor
Original cosponsors
HouseReferred to the House Committee on Small Business.
Introduced in House
- Text: Introduced in House
2 sections
Cosponsor joined
Cosponsor joined
HouseOrdered to be Reported (Amended) by the Yeas and Nays: 23 - 0.
Cosponsor joined
HouseReported (Amended) by the Committee on Small Business. H. Rept. 119-227.
- Text: Reported in House
2 sections: 1 reworded
HouseOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4918)
- Text: Engrossed in House
2 sections, no changes
SenateReceived in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Text: Referred in Senate
2 sections, no changes
SenatePassed Senate without amendment by Unanimous Consent. (consideration: CR S1789-1790)
SenateSenate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.
HousePresented to President.
- Text: Enrolled Bill
2 sections, no changes
Became Public Law No: 119-92.
Signed by President.
Show every recorded step (26)
Sponsor
Original cosponsors
HouseReferred to the House Committee on Small Business.
Introduced in House
- Text: Introduced in House
2 sections
Cosponsor joined
Cosponsor joined
HouseOrdered to be Reported (Amended) by the Yeas and Nays: 23 - 0.
HouseCommittee Consideration and Mark-up Session Held
Cosponsor joined
HouseReported (Amended) by the Committee on Small Business. H. Rept. 119-227.
- Text: Reported in House
2 sections: 1 reworded
HouseOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4918)
HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 2066.
HouseConsidered under suspension of the rules. (consideration: CR H4918-4919)
HouseMr. Williams (TX) moved to suspend the rules and pass the bill, as amended.
- Text: Engrossed in House
2 sections, no changes
SenateReceived in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Text: Referred in Senate
2 sections, no changes
SenatePassed Senate without amendment by Unanimous Consent. (consideration: CR S1789-1790)
SenateSenate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.
HousePresented to President.
- Text: Enrolled Bill
2 sections, no changes
Became Public Law No: 119-92.
Signed by President.
Source: GovInfo bill status and text versions. 8 cosponsors.
Every section
All 2 sections, in order
From the enrolled bill text on GovInfo. Read any section in full on Congress.gov.
- Sec. 1Short title
- Sec. 2Small business investment company maximum leverage exclusion
Sponsor and cosponsors
Show all 9 members, by last name
Sponsor: Rep. Daniel Meuser (R-PA-9)
- Rep. Sharice Davids (D-KS-3)
- Rep. Donald Davis (D-NC-1)
- Rep. Brian Fitzpatrick (R-PA-1)
- Del. Kimberlyn King-Hinds (R-MP-0)
- Rep. Nick LaLota (R-NY-1)
- Rep. Hillary Scholten (D-MI-3)
- Rep. Eugene Vindman (D-VA-7)
- Rep. Tony Wied (R-WI-8)
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Sources: bill text and status, GovInfo (Enrolled Bill) · Official summary, Congressional Research Service · Congress.gov, as of November 1, 2026. US government works are in the public domain · This bill on Congress.gov (opens in new tab)