Investing in All of America Act of 2025

This bill makes it easier for Small Business Investment Companies (SBICs) to raise and deploy more capital, especially for businesses in rural or low‑income areas, in key technology fields, and small manufacturers. It lets certain investments in these areas “not count” toward SBIC borrowing limits, up to the lesser of 50% of the SBIC’s private capital or $125 million, and only for investments made after the bill becomes law . It also raises SBIC borrowing caps to $175 million per fund and $350 million for related funds, with future increases tied to inflation each year, except for SBICs that issue accrual debentures .

What this means: more money can flow to small businesses that need it most and to those building critical technologies, helping them expand, hire, and innovate in their communities .

• Who is affected:
  • SBICs that invest in small businesses, especially in rural or low‑income areas, critical technology fields, and small manufacturers .
• What changes:
  • Higher SBIC borrowing limits: up to $175 million per company and $350 million for commonly controlled companies .
  • Certain targeted investments are excluded from the leverage cap, up to 50% of private capital or $125 million, for new investments after enactment .
  • Annual inflation adjustments to these dollar amounts, with an exception for SBICs that issue accrual debentures .
• When:
  • Exclusions apply only to investments made after the bill becomes law; inflation adjustments begin at enactment and continue annually .