Investing in All of America Act of 2025
- Lower the standard leverage ceiling: The law reduces the maximum outstanding SBA financing available to an SBIC from 300% to 200% of its private capital
- Exclude some targeted investments: Investments in small businesses in rural or low-income areas, certain technology categories, or small manufacturers may be excluded from the leverage calculation. The total excluded is capped at the lesser of 50% of the SBIC’s private capital or $125 million
- Set financing ceilings by SBIC type: For an individual SBIC making quarterly or semiannual interest payments, the maximum is $250 million; for other SBICs, it is $175 million. For commonly controlled SBICs, the combined maximum is $475 million when they make quarterly or semiannual interest payments, and $350 million for other commonly controlled SBICs
- Introduced
- In committee
- Reported
- Passed House
- Passed Senate
- Law
What’s next: Became law on May 19.
Readers can rate the committee’s call once its decision is on record.