President Donald Trump recently signed into law legislation introduced by U.S. Rep. Dan Meuser (R-PA) that increases the capital available to small businesses.
“As someone who spent more than 20 years helping grow a small business into a larger business, I understand firsthand the challenges entrepreneurs face when trying to secure capital,” Meuser said. “This legislation will drive further investment into the hands of small businesses in crucial sectors of the economy and areas that are often overlooked without any additional burden on American taxpayers. I’m pleased that we’ve secured this important bipartisan victory for America’s small business owners, and I’m grateful to my colleagues and President Trump for helping us invest in the communities that need it most.”
The Investing in All of America Act increases the capital available through Small Business Investment Companies (SBICs). The companies raise private capital that is matched by the Small Business Administration. The law restores an inflation adjustment for SBIC leverage limits and allows investments in rural and low-income areas, manufacturing, and critical technologies to be excluded from SBIC’s leverage cap.
In the United States, 99 percent of manufacturers are classified as small businesses.
The act passed both chambers of Congress unanimously.