Investing in All of America Act of 2025
Public Law 119-92 · H.R. 2066 · 119th Congress · began in the House
Signed by Donald Trump (R) on May 19, 2026 · Commerce
Sponsor: Rep. Daniel Meuser (R-PA-9)
Cosponsors (8): Rep. Hillary Scholten, Rep. Tony Wied,
Passage votes
- HouseVoice vote
- SenateUnanimous consent
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
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.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Related bills
2 bills the Library of Congress relates to this one.
S. 1917Related bill
Investing in All of America Act of 2025
S. 3341Identical billPublic law contains the text
Investing in All of America Act of 2025
Data notes
Related bills are identified by the Congressional Research Service, the House and the Senate: companion and identical bills, bills with similar text, bills that were folded into this law, and rules that brought it to the floor. A bill that is itself a public law in this site’s data links here; the others link to Congress.gov.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 18 actions.
- May 19, 2026Became lawBecame law · Became Public Law No: 119-92.
- Became lawBecame law · Signed by President.
- May 12, 2026FloorFloor · Presented to President.
- Apr 16, 2026FloorFloor · Message on Senate action sent to the House.
- Apr 15, 2026FloorFloor · Passed Senate without amendment by Unanimous Consent.
- CommitteeCommittee · Senate Committee on Small Business and Entrepreneurship discharged by Unanimous Consent.
- Dec 2, 2025CommitteeCommittee · Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Dec 1, 2025FloorFloor · Motion to reconsider laid on the table Agreed to without objection.
- FloorFloor · On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- FloorFloor · DEBATE - The House proceeded with forty minutes of debate on H.R. 2066.
- FloorFloor · Considered under suspension of the rules.
- FloorFloor · Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.
- Aug 15, 2025CalendarCalendar · Placed on the Union Calendar, Calendar No. 185.
- CommitteeCommittee · Reported (Amended) by the Committee on Small Business. H. Rept. 119-227.
- Jul 22, 2025CommitteeCommittee · Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 0.
- CommitteeCommittee · Committee Consideration and Mark-up Session Held
- Mar 11, 2025CommitteeCommittee · Referred to the House Committee on Small Business.
- IntroducedIntroduced · Introduced in House
Data notes
Every action the Library of Congress lists for the bill, from introduction to signing, plus the dated committee hearings. The source lists many steps twice (the chamber’s own entry and the Library of Congress copy, or a presidential and a became-law entry with the same words); those are shown once. Amendments are listed in their own section.
Amendments
No amendments to this bill are on record.
Data notes
Amendments offered to this bill in either chamber, as the Library of Congress records them: each with a status read from its last recorded step: agreed to, rejected, withdrawn, ruled out of order, fell with another amendment, or offered with no vote recorded (most Senate amendments are only ever offered). The wording of each amendment is the source’s. Amendments to amendments and amendments to other bills are not listed.
Official record
The bill’s full text is on Congress.gov. Data through Oct 7, 2026.