Investing in All of America Act of 2025

The Investing in All of America Act of 2025 would revise the Small Business Investment Act of 1958 to expand and tailor how much leverage SBICs (Small Business Investment Companies) can exclude from the limit on their leverage when investing in certain small businesses. The bill broadens the categories eligible for this leverage exclusion to include investments in small businesses located in rural or low‑income areas, in critical technology sectors, and in small manufacturers. It also tightens the rules around how much can be excluded, who qualifies (including specific caps and whether the investment is made by a licensee after enactment), and how the exclusion is calculated. Additionally, the bill modifies definitions related to eligible funds and clarifies the sources of funds that count toward leverage approval. Overall, the measure aims to boost private capital deployment through the SBIC program for targeted, high‑priority sectors and regions while imposing specific caps to manage risk. In practical terms, if enacted, SBICs could deploy more leverage for eligible investments in rural/low‑income areas, in technology-focused small businesses, and in small manufacturing, up to defined limits. This could increase access to capital for these firms and potentially accelerate job creation and technology development in those communities, while also altering how leverage is calculated and reported by SBICs.