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H. Rept. 119-227 1 (2025-08-15)

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                     119TH CONGRESS                                         REPORT
                        1st Session    HOUSE   OF REPRESENTATIVES           119-227







                            INVESTING IN ALL OF AMERICA ACT OF 2025



                     AUGUST 15, 2025.-Committed to the Committee of the Whole House on the State
                                       of the Union and ordered to be printed



                      Mr. WILLIAMS   of Texas, from the Committee  on Small  Business,
                                          submitted  the  following


                                              REPORT

                                                together with

                                            MINORITY VIEWS

                                            [To accompany H.R. 2066]

                      The  Committee   on Small Business, to whom   was referred the bill
                    (H.R.  2066) to amend  the  Small Business  Investment  Act  of 1958
                    to exclude  from the limit on leverage  certain amounts  invested in
                    smaller  enterprises located in rural or low-income areas and  small
                    businesses  in critical technology areas, and for other purposes, hav-
                    ing considered  the same, reports favorably thereon with  an amend-
                    ment  and  recommends   that the bill as amended do pass.

                                                 CONTENTS
                                                                                     Page
                        I. Purpose and Bill Sum m ary  ........................................................................  3
                        II. N eed  for  Legislation  ...................................................................................  3
                        III.  H earin gs  ......................................................................................................  3
                        IV. Com m ittee  Consideration  ...........................................................................  3
                        V . Com m ittee  V otes  ........................................................................................  3
                        VI. Section-by-Section  of H .R. 2066  .................................................................  5
                      VII. Congressional Budget Office Cost Estimate ............................................  5
                      VIII. New Budget Authority, Entitlement Authority, and Tax Expenditures              5
                      IX. Oversight Findings & Recommendations ..................................................  6
                        X. Performance   Goals and  Objectives  ............................................................  6
                        XI. Statement of Duplication of Federal Programs .................. 6
                      XII. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff
                            B en efits  .....................................................................................................  6
                      XIII. Federal M andates  Statem ent  .....................................................................  6
                      XIV. Federal Advisory Committee Statement ..................................................  6
                      XV. Applicability  to  Legislative  Branch  ..........................................................  6
                      XVI. Statement of Constitutional Authority .....................................................  6


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