On December 1, 2025, the U.S. House of Representatives passed five bills relating to programs and operations of the Small Business Administration (SBA).  

What the Bills Do 

1. Investing in All of America Act of 2025 (H.R. 2066): This bill would change rules for Small Business Investment Company (SBIC) financing so that certain amounts invested in smaller enterprises located in rural or low-income areas— or in small businesses in critical-technology sectors — are excluded from the “leverage limit.” As a result, SBICs would be encouraged to channel more capital into underserved communities, rural areas, manufacturing firms, and critical-tech businesses. In addition, for cases where two or more SBICs are commonly controlled and make interest payments quarterly or semiannually, the bill would raise the maximum financing available from $350 million to $450 million.  
2. Made in America Manufacturing Finance Act (H.R. 3174): This legislation would increase the SBA loan limits for small U.S.-based manufacturers. Specifically, it would authorize raising the cap for loan guarantees under the SBA’s 7(a) and 504 programs for qualifying “small manufacturers” to up to $10 million. The bill defines “small manufacturer” as a small business whose primary business falls under NAICS sectors 31, 32, or 33, and whose production facilities are located entirely in the United States. This expanded borrowing capacity is intended to support domestic manufacturing growth, enabling small manufacturers to finance equipment, expansion, and other capital needs.  
3. SBA IT Modernization Reporting Act (H.R. 4491): This bill directs the SBA to develop and submit a detailed plan for implementing recommendations from a recent Government Accountability Office (GAO) review. The plan must cover IT upgrades, risk management, cybersecurity, project scheduling, and cost estimates. The goal is to modernize SBA’s contracting and assistance platforms, improving the reliability and security of SBA’s digital infrastructure.  
4. SBA Fraud Enforcement Extension Act (H.R. 4495): This measure would extend the statute of limitations to 10 years for prosecuting fraud related to SBA-backed relief and support programs, including those established during the COVID-19 pandemic (such as certain grant and loan programs). The extended timeframe aims to strengthen oversight, enforcement, and recovery of misspent funds, helping ensure that SBA support is used lawfully.  
5. Office of Rural Affairs Enhancement Act (H.R. 4549): This bill would update the governance and responsibilities of the SBA’s Office of Rural Affairs. It sets clear qualifications for its leadership and clarifies its mandate to better serve rural small businesses. The intent is to improve the delivery of SBA services to rural communities, where small businesses often face greater barriers in capital access, workforce, and infrastructure.  

Next Steps — What Happens in the Senate 

For H.R. 2066, there is a companion measure in the Senate: S. 1917 — Investing in All of America Act of 2025 — which remains in the Senate Committee on Small Business and Entrepreneurship as of its last action.  

For H.R. 3174, the counterpart S. 1555 — Made in America Manufacturing Finance Act of 2025 — is still in Committee.  

The other three bills — H.R. 4491, H.R. 4495, and H.R. 4549 — do not currently have companion legislation in the Senate. 

At present, the timing for Senate consideration of these measures is uncertain.