Congressman Meuser Bill to Boost Investment in Small Business Passes Committee with Unanimous Bipartisan Support

Washington, D.C. – This week, the House Small Business Committee unanimously passed H.R. 2066, the Investing in All of America Act, led by Congressman Dan Meuser (R-PA) and Congresswoman Hillary Scholten (D-MI). This bipartisan legislation expands access to capital for small businesses—especially those operating in rural or underserved areas, manufacturing, or the critical technology sector.

Small Business Investment Companies (SBICs) represent one of the most successful federal public-private partnerships. These entities use private capital, which the Small Business Administration (SBA) matches with government-backed leverage, to invest directly in small businesses. Crucially, the SBIC program operates at no subsidy cost to the American taxpayer.

Over the past two decades, businesses backed by SBICs have created 3 million jobs and supported another 10.5 million. In 2024 alone, SBICs provided more than $8 billion to small businesses nationwide—including $412.3 million in Pennsylvania. Yet despite the program’s reach, fewer than 20% of SBIC investments currently flow to low- and middle-income communities. The Investing in All of America Act aims to close that gap.

To do this, the bill allows investments in rural and low-income areas, manufacturing, and critical technologies to be excluded from an SBIC’s leverage cap—making more capital available to businesses in these key sectors. It also restores an inflation adjustment for SBIC leverage limits, ensuring the program’s strength keeps pace with market conditions.

Manufacturing remains a vital part of America’s economic foundation, with 99% of manufacturers classified as small businesses. By enhancing the SBIC Program, this bill helps small manufacturers modernize, scale, and create high-quality jobs in communities across the country.

Congressman Meuser said, “As someone who spent more than 20 years helping grow a small business into a larger business, I know how difficult it can be to access capital. This legislation helps drive investment dollars into the hands of small businesses that need them most, without placing any added burden on taxpayers. It’s about empowering entrepreneurs, strengthening domestic manufacturing, and fueling long-term growth in communities that have too often been overlooked. I’m pleased this bill is moving forward with bipartisan support, and I encourage my colleagues to help get it across the finish line.”

“Small businesses need access to capital to grow and thrive. The Investing in All of America Act brings that capital directly to rural and underserved parts of America, supporting businesses and local communities in desperate need of growth,” said Small Business Committee Chairman Roger Williams. “I thank Representative Meuser for his work to revitalize small town America through this important legislation.”

"Expanding access to capital means expanding opportunity--it helps create jobs, spark innovation, and grow West Michigan’s economy at no expense to the taxpayer. Today, I’m proud that our bipartisan Investing in All of America Act is one step closer to becoming law to ensure every entrepreneur has a fair shot at success," said Congresswoman Scholten. "In rural and underserved communities, small businesses face barriers to the resources they need to grow and thrive. I’m pleased to partner with Rep. Meuser to help level the playing field and invest in the full potential of our small business owners." 

“This bill’s advancement reflects a strong commitment to growing the American small business economy,” said SBIA President Brett Palmer. “By modernizing the SBIC program to support investment in underserved communities, domestic manufacturers, and strategic industries, this legislation will help ensure more capital reaches the small businesses that power job creation, innovation, and supply chain resilience.”

The Investing in All of America Act passed out of the House Small Business Committee by a vote of 23-0. The legislation now moves forward for consideration by the full House of Representatives. Text of the legislation can be found here. 

Congressman Meuser spoke in support of H.R. 2066 in the Small Business Committee. His remarks can be found here.