Meuser business bill unanimously passes House

WASHINGTON, D.C. — House Resolution 5333, legislation designed to incentivize greater private capital investments in small businesses, particularly those in rural or low-income areas, and those operating in the national security sector, passed unanimously in the House of Representatives on Tuesday.

The bill was introduced by U.S. Reps. Dan Meuser (R-PA) and Hillary Scholten (D-MI) and is named the Investing in All of America Act of 2023. It passed the Small Business Committee by a vote of 23-0 and passed unanimously when considered before the full House. The legislation now awaits further consideration by the Senate.

According to Meuser, the act would incentivize the deployment of additional capital to small businesses in underserved communities. Dollars invested in these areas will not count against individual SBIC’s $175 million dollar leverage cap.

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