Investing in All of America Act of 2024

Where This Stands

Introduced

Committee

Floor Vote

Passed

Signed

Currently IN_COMMITTEE. The next step in the legislative lifecycle is Floor Vote.

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

The Frame

What this does

The bill increases the amount of capital available to small businesses in underserved or strategic sectors by adjusting federal limits, which could change the volume of private investment flowing into rural and high-tech small businesses.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Small Business Investment Companies (SBICs)

These entities face new limits on their leverage calculations and reporting requirements regarding their investments in specific geographic and technology sectors.

Small businesses in rural or low-income areas

These businesses may see increased access to capital as SBICs are incentivized to invest in them through the new leverage exclusion.

Small businesses in critical technology areas

These businesses may receive more investment funding due to their status as critical to national security.

What changed

Current stage: IN_COMMITTEE.

What's next

Floor Vote.

Background

The Small Business Investment Act of 1958 created the SBIC program to bridge the gap between small business needs for capital and traditional lending sources. context

Summary

This bill changes how the Small Business Administration (SBA) calculates investment limits for Small Business Investment Companies (SBICs) to encourage more funding for businesses in rural areas, low-income communities, and critical technology sectors. It allows these companies to exclude certain investments from their total debt calculations, effectively enabling them to invest more capital in these specific areas.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Why It Matters

The bill increases the amount of capital available to small businesses in underserved or strategic sectors by adjusting federal limits, which could change the volume of private investment flowing into rural and high-tech small businesses.

Frequently Asked Questions

What is an SBIC?

A Small Business Investment Company (SBIC) is a privately owned and managed investment fund that is licensed and regulated by the Small Business Administration to provide capital to small businesses.

How does this bill affect small businesses?

It aims to make it easier for SBICs to invest in small businesses located in rural or low-income areas, or those working in critical technology sectors, by changing the debt-to-equity rules that govern how much money these funds can borrow.

Does this bill apply to past investments?

No, the bill specifies that the exclusion only applies to investments made after the date the act is signed into law.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Related Legislation

Federal Bill85% related

Small Business Opportunity Grants Act of 2024

This bill directs the Small Business Administration (SBA) to create a new grant program providing up to $20,000 each to eligible small businesses and

Federal Bill85% related

1504 Modernization Act: New Transparency Rules for Resource Companies

This bill requires companies involved in oil, gas, mining, and timber to publicly disclose all payments made to foreign governments, criminal networks

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Shift toward strategic sector investment

The bill explicitly links small business investment policy to national security by prioritizing 'critical technology areas' alongside traditional rural and low-income development goals.

Small Business Administration

Connected Entities

personMr. Hickenlooper“Introduced the bill.”Map →

personMr. Marshall“Co-sponsored the bill.”Map →

organizationCommittee on Small Business and Entrepreneurship“The committee to which the bill was referred.”Map →

organizationBureau of Labor Statistics“Used for inflation adjustments.”Map →

organizationSenate“The bill was introduced in the Senate.”Map →

bill_numberSmall Business Investment Act of 1958“The act being amended.”Map →

personAdministrator“The administrator of the Small Business Investment Act.”Map →

Analysis Score

0–100

Significance75
How much this matters to a regular citizen
Controversy20
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz15
Current news / social attention level