Law lets small business lenders borrow more for rural and tech firms.
H.R. 2066 — Investing in All of America Act of 2025 · Filed by Daniel Meuser (R-PA) · 8 cosponsors · Introduced Mar 11, 2025 · Signed
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What it does
The bill changes rules for Small Business Investment Companies, or SBICs. These are firms that lend money to small firms. The law lets SBICs exclude certain loans from debt limits. Loans to small firms in rural areas do not count toward debt limits. Loans to small firms in low-income areas do not count. Loans to small firms in key tech fields do not count. Loans to small makers do not count. The bill also raises the total amount of debt SBICs can take on.
Who it affects
Small firms in rural and low-income areas may get more access to money. Small firms in key tech fields may also get more loans. SBICs themselves can borrow more money.
One thing to notice
The law gives SBICs the power to borrow more money. It does not require SBICs to give small firm owners lower costs.
From the analysis of the bill text, linked under Primary records below.
Where it stands
8 cosponsors: 4 Democrats, 4 Republicans.
- Mar 11, 2025 — Introduced · Congress.gov: “Introduced in House”
- Mar 11, 2025 — Referred to House Committee on Small Business and Senate Committee on Small Business and Entrepreneurship · Congress.gov: “Referred to the House Committee on Small Business”
- Jul 22, 2025 — Markup held in committee · Congress.gov: “Committee Consideration and Mark-up Session Held”
- Jul 22, 2025 — Reported out of committee · Congress.gov: “Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 0”
- Dec 1, 2025 — Passed the House · Congress.gov: “On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4918)”
- Dec 1, 2025 — Floor vote scheduled · Congress.gov: “Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended”
- Apr 15, 2026 — Passed both chambers · Congress.gov: “Passed Senate without amendment by Unanimous Consent. (consideration: CR S1789-1790)”
- May 12, 2026 — Sent to president · Congress.gov: “Presented to President”
- May 19, 2026 — Signed into law · Congress.gov: “Became Public Law No: 119-92”
Dates and quoted wording are Congress.gov's action record; the timeline shows status changes, not every procedural step.
Money around this bill
1 groups reported lobbying about this bill. They filed 2 reports from Dec 2025 to Jun 2026.
Those reports show $240,000 in lobbying spending. Each report lists about 8 bills. So that money was not all for this bill.
More groups named this bill than 0% of bills with any report.
Daniel Meuser, who sponsored the bill, received $825,786 from PACs for the 2026 election.
- Eshares, Inc. D/b/a Carta, Inc. — $240,000 in 2 reports
Lobbying is legal. These reports show who lobbied about this bill, not what changed.
Words to know
- Small Business Investment Companies — Firms that lend money to small firms to help them grow.
- debt limits — The most money a firm is allowed to borrow.
- low-income areas — Places where most people earn less money than average.
- key tech fields — Industries that make important tools for national defense and safety.
- lobbying — Trying to influence lawmakers about a bill. Companies and groups pay people to do this.
- PACs — Groups that collect money and give it to candidates for office.
How this was measured
Analysis — Quorum's AI read the bill text published by Congress.gov (3,776 characters) on Apr 6, 2026. Section numbers in the findings refer to that text, linked below; transparency and hidden-provision scores are compared against the median of 14,342 analysed bills.
Status and sponsors — Congress.gov's bill record — actions, committee referrals and cosponsors — loaded nightly. The timeline shows status changes, not every procedural action.
Money — Senate Lobbying Disclosure Act filings whose specific-issue field names this bill for quarters ending Dec 2025 to Jun 2026. A filing's amount is reported whole beside the median number of bills a filing names; it is never divided across them. PAC receipts are FEC-reported contributions to the sponsor's candidate committee in the 2026 cycle.
As of — lobbying records through Jul 20, 2026 · page rendered 2026-09-18.
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