The Investing in All of America Act of 2025 changes the rules for financing small businesses through the Small Business Investment Company (SBIC) program. It lowers the maximum amount of financing an SBIC can receive from the Small Business Administration (SBA) from 300% to 200% of its private capital. However, it increases the maximum financing available to commonly controlled SBICs from $350 million to $450 million. The bill allows certain investments, such as those in rural areas, specific technology sectors, or small manufacturers, to be excluded from the financing limit calculation, up to $125 million or 50% of the SBIC's private capital. It also broadens the definition of private capital to include funds from additional government-sponsored corporations and investments by college or university trusts or endowments.
Media outlets that support the Investing in All of America Act of 2025 highlight its potential to encourage targeted investments in underserved areas and innovative sectors. They praise the bill for incentivizing investment in rural regions and emerging technologies, which could stimulate economic growth and job creation in these areas. The expansion of what counts as private capital is seen as a positive step, potentially increasing the resources available to SBICs and fostering more diverse investment sources.
Critics of the bill argue that reducing the maximum financing limit could restrict the growth potential of small businesses that rely on SBICs for substantial funding. Some media sources express concern that the changes might limit the ability of SBICs to fully leverage their capital, potentially slowing down the pace of investment in small businesses. There are also concerns that the expanded definition of private capital could complicate the financial structures of SBICs, making them harder to manage and less transparent.
The analysis of the H.R. 2066: Investing in All of America Act of 2025 reveals a low risk of conflicts of interest. The bill's sponsor, Daniel Meuser, has received significant campaign contributions from retired individuals, the securities and investment industry, and the government sector. However, there is no direct overlap detected between these donor industries and the subject matter of the bill. Furthermore, lobbying activity in the bill's policy area does not directly connect to the sponsor's top donor industries. The total lobbying expenditure in this bill's policy area is $395,000, but none of these funds appear to be directly linked to the sponsor's top donors. Therefore, based on the available data, there is a low risk of potential conflicts of interest.
Organizations that lobbied on issues related to this bill's policy area.
| Client | Lobbying Firm | Amount |
|---|---|---|
| ASSOCIATION FOR UNCREWED VEHICLE SYSTEMS INTERNATIONAL | ASSOCIATION FOR UNCREWED VEHICLE SYSTEMS INTERNATIONAL | $150,000 |
| HANWHA Q CELLS AMERICA INC. | BALLARD PARTNERS | $50,000 |
| AON SERVICE CORPORATION | FS VECTOR LLC | $50,000 |
| AMERICAN LAND TITLE ASSOCIATION | FS VECTOR LLC | $45,000 |
| CHANGENT (FKA NURSE-FAMILY PARTNERSHIP COLORADO) | CHANGENT (FKA NURSE-FAMILY PARTNERSHIP COLORADO) | $43,000 |
| CITY OF MONTGOMERY | VAN SCOYOC ASSOCIATES | $40,000 |
| ZEBRA TECHNOLOGIES CORP. | VAN SCOYOC ASSOCIATES | $30,000 |
| AVA LABS, INC. | FS VECTOR LLC | $30,000 |
| DAYFORCE US, INC (FKA CERIDIAN HCM, INC.) | FS VECTOR LLC | $20,000 |
| CITIZENS BANK, N.A. | FS VECTOR LLC | $20,000 |
| COALITION OF HUD HOUSING COUNSELING INTERMEDIARIES | DYKEMA GOSSETT PLLC | $20,000 |
| MMESA 319 LLC | PORTER GROUP, LLC | $10,000 |
| THE CREATIVE COALITION | DYKEMA GOSSETT PLLC | $10,000 |
| VALLEY FUND CORPORATION | VAN SCOYOC ASSOCIATES | $10,000 |
| CITY OF ANN ARBOR | DYKEMA GOSSETT PLLC | $10,000 |
Source: Senate Lobbying Disclosure Act (LDA) filings, 2026
Top industries funding Daniel Meuser, ranked by total contributions.
Source: OpenSecrets.org (Center for Responsive Politics)
