The U.S. House of Representatives has unanimously passed H.R. 2066, known as the Investing in All of America Act. The bill was introduced by Congressman Dan Meuser (PA-09) and Congresswoman Hillary Scholten (MI-03). It aims to encourage more investment from Small Business Investment Companies (SBICs) into small businesses located in rural or low-income areas, as well as those involved in manufacturing and national security technologies.
SBICs are a public-private partnership that invest private capital, matched with government-backed leverage from the Small Business Administration (SBA), directly into small businesses. The program operates without subsidy cost to taxpayers.
In the past two decades, businesses backed by SBICs have created three million jobs and supported another 10.5 million positions. In 2024, SBICs invested over $8 billion in small businesses across the United States, including $412.3 million in Pennsylvania. However, less than one-fifth of these investments currently reach low- and middle-income communities.
Under the new legislation, investments made by SBICs in rural and low-income areas, manufacturing, and critical technologies will be exempt from existing leverage caps. This change is expected to provide additional capital for businesses operating in these sectors.
The bill aligns with the Trump Administration’s Made in America Manufacturing Initiative led by SBA Administrator Kelly Loeffler, which seeks to boost small business growth and revitalize domestic manufacturing throughout the country. According to data cited in the release, 99% of all manufacturers are classified as small businesses.
Congressman Meuser stated: “With decades of experience growing a small business into a larger one, I know firsthand the challenges entrepreneurs face. By expanding access to capital and reducing barriers to entry, the Investing in All America Act helps manufacturers scale and create high-quality American jobs, without subsidy cost to the taxpayer. It strengthens small businesses, fuels domestic manufacturing, and supports rural and underserved communities across Northeast Pennsylvania and the country. I’m pleased by the bipartisan support in the House and encourage my colleagues in the Senate to advance it so it can reach President Trump’s desk and be signed into law.”
The legislation now moves to the Senate for further consideration.
