Investing in All of America Act of 2023: Promoting Economic Growth and Development

Main Subject: Commerce

Investing in All of America Act of 2023

This bill modifies the limit on the amount of financing available to a Small Business Investment Company (SBIC) from the Small Business Administration (SBA).

Specifically, the bill includes amounts the SBIC invests in small businesses in rural areas or areas of critical technology as amounts that may be excluded (up to an aggregate of 50% of the private capital of the SBIC) from the calculation of the SBIC's financing limit. The bill also indexes the limit to inflation.

The SBA must report annually on the economic activity and jobs directly and indirectly resulting from the exclusion.

Senate Actions

IntroReferral
Apr. 30 2024	Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

House floor actions Actions

Floor
Apr. 29 2024	Motion to reconsider laid on the table Agreed to without objection. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2640) DEBATE - The House proceeded with forty minutes of debate on H.R. 5333. Considered under suspension of the rules. (consideration: CR H2639-2642) Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.

Calendars
Apr. 26 2024	Placed on the Union Calendar, Calendar No. 388.

Committee
Apr. 26 2024	Reported (Amended) by the Committee on Small Business. H. Rept. 118-469.

IntroReferral
Sep. 01 2023	Referred to the House Committee on Small Business.

Library of Congress Actions

Floor
Apr. 29 2024	Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2640)

Committee
Apr. 26 2024	Reported (Amended) by the Committee on Small Business. H. Rept. 118-469.

IntroReferral
Sep. 01 2023	Introduced in House Introduced in House

House committee actions Actions

Committee
Apr. 17 2024	Ordered to be Reported in the Nature of a Substitute by the Yeas and Nays: 23 - 0. Committee Consideration and Mark-up Session Held

House bill HR5333-118

Investing in All of America Act of 2023

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