Senator Marshall Investing in All of America Act Passes Senate

Washington - Last night, the U.S. Senate passed the Investing in All of America Act, bipartisan legislation led by Senator Roger Marshall, M.D. (R-Kansas) and co-sponsored by Senator John Hickenlooper (D-Colorado) that would direct more private investment into rural communities, low-income areas, and American manufacturing and critical technology sectors. The bill now heads to President Trump's desk to be signed into law.

"America doesn't win when rural and low-income communities are left on the sidelines," said Senator Marshall. "This bill drives investment where it's needed most - fueling job creation, strengthening local Kansas economies, and ensuring that the next wave of American growth reaches every corner of this country, not just the coasts. I'm proud to send this legislation to President Trump's desk."

This bill strengthens the successful Small Business Investment Company (SBIC) program - privately managed firms that are licensed and regulated by the Small Business Administration (SBA) - that raise private capital and leverage it with SBA-backed funds to invest solely in American small businesses. SBICs are subject to a leverage cap, which determines the amount of SBA-backed capital SBICs can access based on how much private capital the firm has.

The Investing in All of America Act would exempt investments in rural or low-income areas, as well as those in the manufacturing and critical technology sectors, from the leverage cap. In turn, this move would enable more capital to flow to areas with limited access and support the growth of manufacturing and critical technology industries vital to U.S. competitiveness.

Background:

• SBIC-backed businesses have helped create over 3 million new jobs over the last two decades.
  • $505.4M invested in Kansas
• In 2024, SBICs provided more than $8 billion in investment to small businesses nationwide.
  • 98 Kansas small businesses supported. 9,280 jobs created
• The Investing in All of America Act targets the remaining gap: today, less than 20% of SBIC investments reach low- to middle-income communities - this bill changes that.

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