119th Congress · introduced in the House · Mar 11, 2025
Investing in All of America Act of 2025
Official title from Congress.gov
Latest action (May 19, 2026): Became Public Law No: 119-92.
View on Congress.govPolicy area: Commerce
Congressional Research Service summary, version: Public Law (May 19, 2026) · 2 versions published
Investing in All of America Act of 2025
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.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Became Public Law No: 119-92.
Became Public Law No: 119-92.
Signed by President.
Signed by President.
Presented to President.
Presented to President.
Message on Senate action sent to the House.
Passed Senate without amendment by Unanimous Consent. (consideration: CR S1789-1790)
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.
Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4918)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4918)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2066.
Considered under suspension of the rules. (consideration: CR H4918-4919)
Business investment and capital · Congressional oversight · Inflation and prices · Rural conditions and development · Small business
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsMr. Williams (TX) moved to suspend the rules and pass the bill, as amended.
Placed on the Union Calendar, Calendar No. 185.
Reported (Amended) by the Committee on Small Business. H. Rept. 119-227.
Reported (Amended) by the Committee on Small Business. H. Rept. 119-227.
Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 0.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Small Business.
Introduced in House
Introduced in House
Actions from Congress.gov, newest first.
Coverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 23, 2026.
6 citations.
ESHARES, INC. D/B/A CARTA, INC. · lobbying firm or registrant: ESHARES, INC. D/B/A CARTA, INC.
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Small Business
$120,000
Spent on own lobbying
Policy to maintain and expand the small business investment company program, including H.R. 2066, Investing in All of America Act of 2025.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ESHARES, INC. D/B/A CARTA, INC. · lobbying firm or registrant: ESHARES, INC. D/B/A CARTA, INC.
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Small Business
$90,000
Spent on own lobbying
Policy to maintain and expand the small business investment company program, including H.R. 2066, Investing in All of America Act of 2025.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ESHARES, INC. D/B/A CARTA, INC. · lobbying firm or registrant: ESHARES, INC. D/B/A CARTA, INC.
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Small Business
$120,000
Spent on own lobbying
Policy to maintain and expand the small business investment company program, including H.R. 2066, Investing in All of America.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ESHARES, INC. D/B/A CARTA, INC. · lobbying firm or registrant: ESHARES, INC. D/B/A CARTA, INC.
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Small Business
$90,000
Spent on own lobbying
Policy to maintain and expand the small business investment company program, including H.R. 2066, Investing in All of America.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ESHARES, INC. D/B/A CARTA, INC. · lobbying firm or registrant: ESHARES, INC. D/B/A CARTA, INC.
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Small Business
$140,000
Spent on own lobbying
Policy to maintain and expand the small business investment company program, including H.R. 2066, Investing in All of America.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ESHARES, INC. D/B/A CARTA, INC. · lobbying firm or registrant: ESHARES, INC. D/B/A CARTA, INC.
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Small Business
$130,000
Spent on own lobbying
Policy to maintain and expand the small business investment company program, including H.R. 2066, Investing in All of America.
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing